Processed food makers gel against capital inflows | Bangkok Post: business

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Processed food makers gel against capital inflows

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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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