Topic “Thailand” — Exporter Magazine

Flooding in Thailand over the past months has inundated nearly 14 million acres of land, at least 740,000 acres of which is farmland, driving up Thai commodities prices both domestically and in the export markets, according to a report by FreshPlaza.com. Japan’s Mitsubishi Motors is considering moving production of its mainstay new model to Thailand in a bid to curb costs inflated by the strong yen, according to an AFP report carried by the Sydney Morning Herald. Toyota Motor Thailand (TMT) is ready to produce and sell a low-cost car locally to tap more middle-class and first-time buyers but the model is still being decided, according to the Bangkok Post. The Thai government is also planning to shore up the price of rice by allowing exporters to exchange their rice stock with the government’s stockpile so that good quality rice can be held back.