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27 Aug 2014: Tocom Rubber Settles Slightly Up on Thai Junta Rubber Overhaul

Tocom rubber futures settle slightly higher with prices finding support above Y200/kg after Thailand’s ruling military junta on Tuesday approved a 5 billion baht ($156 million) plan to overhaul the country’s rubber industry to help shore up prices. The overhaul is aimed at improving management of the country’s rubber stocks, quality of rubber, encouraging rubber processing and finding new markets, says Winthai Suvaree, spokesman for the junta. Benchmark February rubber settles Y0.5 higher at Y200.1/kg.

Source: Dow Jones

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« 25 Aug 2014: Tocom Rubber Settles Flat in Range-trade Ahead of Expiry
28 Aug 2014: Tocom Rubber Lower; Low Prices May Persist for Few Years »

This entry was posted on Wednesday, August 27th, 2014 at 7:01 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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