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10 Jan 2012: Thai Rubber Growers Protest Decline In Prices – Report

Rubber growers across Thailand are planning to protest at the Bangkok residence of Prime Minister Yingluck Shinawatra, local news media reported.

They are protesting against a fall in rubber prices, MCOT website reported, quoting Chayant Sangkhapaitoon, coordinator of a network of rubber growers from the south of Thailand.

Rubber planters from the south will gather in Songkhla Tuesday before traveling to Bangkok, Chayant told MCOT.

Prices of unsmoked sheet 3-grade have fallen to about THB90/kg from more than THB120/kg in September because of global macro-economic concerns.

The government late last year set a minimum price of THB95/kg for USS3.

Source: Dow Jones

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This entry was posted on Wednesday, January 11th, 2012 at 8:58 am 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.

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