Businesses will cut the country's export growth forecast used for business planning to 5.5% this year should the March figures slump.
Wallop Witanakorn, vice-president of the Federation of Thai Industries (FTI), said ongoing baht appreciation has started to take its toll on Thai exporters, who have already felt the pinch from higher costs, particularly the daily minimum wage hike to 300 baht nationwide.
"Exporters will definitely be in more trouble if the baht keeps getting stronger. They cannot afford to increase their prices further because major importers in the US, Europe and Japan are still struggling," he said.
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