AGRIBUSINESS
State stands by B15bn rubber fund
- Published: 15/02/2012 at 02:10 AM
- Newspaper section: Business
Despite rising prices, the government sees the newly established 15-billion-baht fund to intervene in the rubber market as essential for stabilising prices.
The no-interest loan fund approved by the cabinet last month is aimed at propping up the prices of the commodity to at least 120 baht a kilogramme for raw rubber sheet grade 3 sold at the Songkhla market.
Domestic prices are edging up in response to the smaller supplies expected to enter the market over the next few months. The Thai government's intervention scheme also pushed up the price to 107 baht/kg yesterday, compared with 92 baht in early January.
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About the author
- Writer: Walailak Keeratipipatpong
- Position: Reporter
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