02/10/2015

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THAILAND: Govt will likely spend THB 6 billion on latex purchase

Deputy Minister of Agriculture and Cooperatives Amnuay Patise said the latex purchase would help increase the price of latex produced by small farmers who currently sold their produce at around 42 baht/kilo. The ministry would buy it from February - March 2015 for 30 days or before rubber farmers stopped tapping rubber trees, said the deputy minister. About 60,000 tons of latex are expected to be bought during the 30-day period. Meanwhile, leader of a Para rubber group in Surat Thani Phairote Rerkdi said the government's solutions to the problem of rubber price drop concentrated on businesses and entrepreneurs of smoked rubber sheets. He urged the government to control prices of other rubber products and buying all rubber products from each Tambon (local government unit) twice a month. Mr Phairote added that the group's network would take their protests to another level by converging on Government House and requesting to meet the prime minister if its requests were ignored. Source: National News Bureau of Thailand, Bangkok; 1 Feb 2015
(Syed Rashid Ali, Karachi, Pakistan)

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