Consumer confidence dips in October on crop price fears
consumer sentiment plunged for the first time in four months as people were concerned about low crop prices, especially rice. The University of the Thai Chamber of Commerce reported yesterday that the consumer confidence index dropped in October Domestic prices of white paddy with 15% moisture are now quoted at 7,200-7,500 baht a tonne. The ministry said exports of agricultural and agribusiness products bounced back to grow for the first time in seven months boosted by higher shipments of vegetables and fruits, rice and frozen shrimp. Exports of industrial products expanded for a second straight month driven notably by semiconductor devices and diodes, cars and car parts. The Commerce Ministry reported exports for the final quarter are definitely expected to grow. The council predicted exports will grow 0-1% next year.