10/17/2014

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THAILAND PM says domestic consumption of rubber would stabilize the price

According to the Prime Minister, the government is focusing on increasing the prices of rubber this year. He urged Thailand to increase domestic use of rubber, as the country exports most of it overseas.

His strategy is to seek demand from local tire manufacturers as a primary objective. The rest of the rubber will be exported once the demand from the domestic tire industry has been met. The suitable exporting price will also have to be determined and discussed with rubber traders in ASEAN, Gen. Prayut added.

Source: Daily "Pattaya Mail”, Pattaya City; 15 Oct 2014
(Syed Rashid Ali, Karachi, Pakistan

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