This entry was posted on Tuesday, October 13th, 2009 at 4:14 pm and is filed under Rubber News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
BANGKOK, Oct 13 (Reuters) – The Thai government said on Tuesday it would seek cooperation with other key rubber producing nations to push prices above 80 baht ($2.40) per kg.
“I will visit Indonesia and Malaysia very soon to seek their cooperation to lift prices of rubber to an appropriate level. Rubber prices should stay above 80 baht per kg by February 2010,” Deputy Prime Minister Suthep Thaugsuban told reporters.
“Maybe we can do something with our stocks to support prices,” he added.
Thai unsmoked sheet (USS3), a raw material for export-grade rubber sheet, was quoted at around 72 baht per kg on Tuesday, traders said. ($1=33.30 Baht)
Source: Reuters