03/21/2012

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THAILAND: Rubber to be bought at prices above market rates

The measure is aimed at boosting the price of rubber sheets to 120 baht per kilogramme from 110 baht. The state agency may keep stockpiles or sell the supplies to foreign buyers at favourable prices, Mr Chanachai said.

The cabinet yesterday (20 Mar. 2012) approved a plan for the agency to borrow 10 billion baht from the Bank for Agriculture and Agricultural Cooperatives for the rubber purchase, he said. (Syed Rashid Ali, Karachi, Pakistan)
Source: Daily "Bangkok Post", Bangkok; 21 Mar 2012


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