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10 July 2012: Thai Govt To Amend Rubber Intervention Plan -Minister

Thailand’s Ministry of Agriculture and Cooperatives will next week propose that the Cabinet amend details of the natural rubber price intervention plan, Deputy Agriculture Minister Natthawut Saikua tells reporters Tuesday after a weekly Cabinet meeting. The amended plan will allow the government to compensate any losses from the intervention plan more effectively, he says, without elaborating on specifics. The announcement comes amid protests from growers that the Rubber Estate Organization has been buying too little rubber from the market at prices that are well below the target rate of THB120/kg.

Source: Dow Jones

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This entry was posted on Tuesday, July 10th, 2012 at 7:28 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.

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