e appreciation of the Thai currency is expected to cause vegetable and fruit export to drop around 20 percent. Exporters, meanwhile, are calling the government to intervene in the baht situation.The Thai Food Processors' Association has disclosed that its members are having difficulties exporting vegetable and fruit, thanks to the sluggish global economy and the fluctuation of the Thai currency. The association is, therefore, expecting to see a 20 percent drop in fruit and vegetable export. It is also urging all economy-related agencies to step up assistance measures aimed at solving the problems.
The Association further revealed that there has been a lot of capital influx into Thailand lately, which, he claimed, does not bode well for the country as a whole.
The Association has also anticipated a slight drop in vegetable and fruit production this year, reasoning that a number of farmers have switched to growing other crops like sugar cane, cassava, palm, and rubber, given these products generate higher income for the farmers.
