Thai Government sets rubber price limit at B45
The Thai government plans to buy rubber from farmers at a purchase price not exceeding 45 baht per kg. The projected price is about 15 baht lower than the set price demanded by groups of rubber farmers who are calling for 60 baht per kg, roughly double current market levels.
On 12 January the government agreed to buy 100,000 tonnes of all types of rubber products directly from growers at an above-market price in an attempt to ease pressure on rubber farmers.
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