Thailand s fresh fruit exports increase
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Analysts shrug off inflation concerns
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Weak purchasing power means there is not much to worry about
published : 29 Jul 2021 at 07:33 A sign promotes the government s co-payment scheme at Chatuchak weekend market. (Photo: Pornprom Satrabhaya)
Inflation rates in developed countries, particularly in the US and among nations in the European Union, have been rising since the beginning of the year, in part because of large stimulus schemes designed to rehabilitate their economies battered by the pandemic.
Other possible reasons for the inflation rate hike are pent-up demand, recovering world commodity prices due to a production disruption during the pandemic, and a shortage of shipping containers.
Thai exports continue robust growth as global economic activity shows recovery
Thailands exports in June hit their highest levels in 11 years, the Commerce Ministry reported.
Exports in June jumped by 43.82 per cent year on year, valued at US$23.699, or THB738.135 billion.
It was the second successive month of 40 per cent-plus growth. May had seen a 41.59 per cent growth, valued at $23.057 billion.
The main factor contributing to the continued growth of Thai exports is the ongoing implementation of the ministry s export promotion plan as well as the expansion of the global manufacturing sector, the ministry said.
The global manufacturing purchasing managers index has hovered above 50 for 12 months straight. Productivity, orders and employment in many countries are all increasing, especially in key trading partners such as the US and Europe.
TPSO sees a bright future in packaging
published : 21 Jul 2021 at 04:00 Amid the Covid-19 pandemic, packaging businesses have had to respond to consumer concerns on environmental friendliness and health.
Prospects for Thailand s packaging exports are promising, driven by the growing e-commerce market and rising demand for consumer goods and health products especially recycled, environmentally friendly and health-conscious packaging amid Covid-19.
Phusit Ratanakul Sereroengrit, director-general of Trade Policy and Strategy Office (TPSO) under the Commerce Ministry, said a study by his office noticed that the growing e-commerce market and surge in demand for consumer goods and health products is driving demand for packaging.
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