May exports mark drop for third consecutive month | Bangkok Post: business

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May exports mark drop for third consecutive month

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May saw a drop in exports for the third consecutive month by 2.14% year-on-year to US$19.4 billion, bringing down the value of the first five months by 1.22% to $92.9 billion. 

The Commerce Ministry attributed the decline to weak global farm prices, particularly rubber, tapioca products and rice, as well as the falling shrimp supply due to the lingering effects of early mortality syndrome, which plagued shrimp farms last year, said Nantawan Sakuntanaga, director-general of the International Trade Promotion Department.

A decline in the farm sector led to a contraction in the export value of agriculture and agribusiness products in the first five months by 6.4% year-on-year to $14.6 billion.

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