B5.9bn approved to revamp rubber industry | Bangkok Post: news

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B5.9bn approved to revamp rubber industry

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The National Council for Peace and Order (NCPO) has approved a budget of 5.94 billion baht for the overhaul of the rubber industry as proposed by the Natural Rubber Policy Committee. 

A worker walks atop piles of smoked rubber sheets to be processed at the Thai Hua Rubber Plc factory in Samnuktong, Rayong province, on Jan 29, 2014. (Bloomberg photo)

The measures involve maintaining a stock to stabilise prices, improving planters’ liquidity, developing the rubber market and conducting research and development on rubber products, said Winthai Suwaree, an NCPO spokesman. 

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