Baht appreciation may not favor textile export growth
29 Jan '07
1 min read
Baht appreciation through out the year may adversely affect textile industry, which is already struggling to cope with competitive pressures from China, India, Bangladesh and Pakistan.
Current value ranges between 35-36 baht per US dollar.
Experts predict exports to grow only three percent this year but warn that even this may not be possible if the baht value increases.
Meanwhile, finished garment product imports are expected to soar almost 30 percent to be valued at US $260 million.
Industrial advisers suggest that the enterprises should stick to limited purchasing and manage their resources.
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