EXPORTS
Processed food makers gel against capital inflows
- Published: 21 Jan 2013 at 00.00
- Newspaper section: Business
Processed food exports are forecast to drop by 5% this year, hit by weak demand in Europe and the United States and higher production costs at home.
The higher expenses stem from the nationwide daily minimum wage hike and recent baht gains.
Ghanyapad Tantipipatpong, president of the Thai Food Processors' Association (TFPA), said processed food exporters, particularly small and medium-sized enterprises, are mostly incapable of adjusting their business to cope with sharp baht gains.
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