Thai rubber planters urge gov't to boost domestic price
Date：2016-04-16 13:09，Author：新路橡塑
Rubber planters in southern Thailand are urging the military-led government to take action to bolster the drastically-lowered price of rubber. The government is suggested to intervene the domestic rubber market to promptly boost the average price of rubber which is currently selling for only 69 U.S. cents per kilogram - the lowest in 10 years - to up to a range of 1.6 U.S. dollars a kilogram, Boonsong Nabtong, leader of the Rubber Planters Federation of Thailand said on Tuesday.”
That compared to an average of 1.1 U.S. dollars for a kilogram of rubber in the domestic market a few months earlier. Member planters of the federation and other groups of rubber planters, mostly in the southern region of the country, will meet next Tuesday to consider taking steps in pursuit of a substantial increase in the domestic rubber price, which is feared to plummet further, he said. For the time being, the rubber planters are pressing the government not only to intervene the market to boost the price but to call on other rubber-producing countries namely Malaysia, Indonesia, Laos and Vietnam not to mutually undercut the rubber prices in the global market.