Currently, Thailand's currency Bath has appreciated to the highest levels against the US dollar, recorded in the past current six years, creating difficult situation due to rising exports costs.
Thailand's general exports revenue of entire 2006 will drop at 10 percent in case Thailand currency remains put at 37 Bath per US Dollar, Thienchai Mahasiri, Chairman of Thailand Apparel Association informed.
Thailand has set an ambitious target of $130 billion in export revenues for 2006 when the exchange rate stands at about 40 Bath per US Dollar, and remains unmoved in that range.
This fact has prompted rice importing countries to turn away from Thailand to set up contracts with other countries like Vietnam, India, China and Pakistan.
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