| Thailand's exports in April down 3.5 pct: central bank |
| Last Updated(Beijing Time):2012-05-31 18:24 |
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Thai exports in April down 3.5 percent from the same month of last year due to a decrease in rice exports, said Methi Supapong, director of the Monetary Policy Division of the Bank of Thailand, on Thursday.
The director attributed the decrease to less export amount of Thai rice resulted from price hike and declining rubber price.
According to the director, agricultural production contracted by 0.3 percent year-on-year while prices reduced by 13.2 percent. As a result, farmers' incomes plunged by 13.5 percent from the same period of last year.
Manufacturing industry, however, expanded by 0.5 percent when compared to the same period of last year and became the first month to show growth after five consecutive months of contraction due to last year's flood crisis, said Methi. |
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