Manufacturers

Thailand to Buy 100,000 Tons of Rubber Stocks to Lift Price

 Written by HMH

November 16, 2011 By Supunnabul Suwannakij Nov. 16 — Thailand, the world largest rubber producer and exporter, plans to spend 10 billion baht to build up inventories of natural rubber by 100,000 metric tons in a move to shore up prices, according to the Office of the Rubber Replanting Aid Fund. The plan is subject to cabinet approval, Wit Pratuckchai, the office’s director-general, said by phone today. The government has also encouraged farmers to delay tapping from now to January to cut supply, he said. The Thai...

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