Low rubber price hurts South | Bangkok Post: business

Business > News

Low rubber price hurts South

- +

The declining price of natural rubber has caused a recession in the economy of the southern region, Perk Lertpanwong, chairman of the Rubber Farmers Association of Thailand, said on Sunday. 

The purchasing power of rubber farmers was down by more than 50% after the rubber price dropped to 60 baht per kilogramme from 100 baht last year, he said.

It was estimated that about 10,000 pickup trucks bought through the leasing system by rubber farmers would be seized by car agents because they cannot meet installment payments, Mr Perk said.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

4 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments