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Bloomberg
28-04-2025
- Business
- Bloomberg
Thailand Eyes More Pet Food, Rice Exports Amid China-US Standoff
Thailand is aiming to increase exports of pet food, rice and other processed food products to the US at the cost of Chinese shippers who are shut out of the prized market by a tariff wall. The Southeast Asian country expects to increase its marketshare in segments like dog and cat food, rice and processed mackerel where it's already the leading supplier to the US, while seizing the opportunity to substitute Chinese products such as noodles, frozen seafood, soy sauce and bamboo shoots, Poonpong Naiyanapakorn, director general of Thailand's Trade Policy and Strategy Office, said in a statement Monday.
Reuters
14-04-2025
- Business
- Reuters
Lower Thai inflation reflects energy and policy measures, ministry says
BANGKOK, April 14 (Reuters) - Thailand's lower-than-expected March inflation rate was mainly due to lower energy prices and government policies to alleviate cost of living pressures, the commerce ministry said on Monday, and did not reflect a slowdown in economic activity. It added that slower global growth could weigh on prices. A global economic slowdown brought on by U.S. tariffs would impact prices, Poonpong Naiyanapakorn, head of the Trade Policy and Strategy Office said, noting that foreign exporters impacted by the tariffs may also ship cheaper goods to Thailand. Thai March inflation of 0.84% came in below forecast and lower than the central bank's target range of 1% to 3%. In the first quarter as a whole, inflation was at 1.08%, the ministry said, with second-quarter inflation of 0.15%. With inflation below the target range, the full-year rate will also likely be below target, it said. The central bank said earlier it would ensure inflation was not too low or too high., opens new tab
