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Thailand Wants to Prop Up Rubber Prices

Tire Review Staff
By Tire Review Staff
Published:

According to news published on the Association of Natural Rubber Producing Countries’ website, Thailand’s government intends to intervene in its domestic natural rubber market and support prices following their recent fall.

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The country’s deputy prime minister Suthep Thaugsuban is quoted as saying "we will meet exporters very soon. We need to do something to support rubber prices; they should not fall below 100 baht per kilogram."

Prices for USS3 rubber fell to 95 baht per kilogram on March 14, down from 132 baht on March 11. Since mid-February, prices for USS3 rubber have plummeted almost 50%. (Tyres & Accessories)

See more effects of the cost of natural rubber in related news posted today:
Japan Disaster Pushes NR Price Drop
High NR Delivers Losses for China Tiremakers

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