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High costs curb purchasing power.
Byline: Phusadee Arunmas
Jul. 1--Rising production costs are likely to cut into the purchasing power of the people at the grassroots level in the second half of the year, according to Wirawan Jamsin, a policy and planning analyst with the Agricultural Economics Office.
Rising oil prices are seen as the key factor affecting the sector. The higher costs could push the price of diesel to 22.45 baht a litre from 21.39 per litre, currently. This, in turn, would result in a 0.26 percent contraction in the farm sector
Higher diesel prices is expected to especially weigh on the fishery segment, which is projected to decline by 0.7 percent. Fishery ...
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Source: HighBeam Research, High costs curb purchasing power.