Deputy Prime Minister and chairman of the National Rubber Policy Committee Suthep Thaugsuban said he has ordered a temporary halt to rubber exports until the price improves.
Mr Suthep said on Wednesday the current decline in the rubber price was not in line with its trading nature.
The price of rubber is down from a record high of 187 baht a kilogram to 95 baht. The decline has been attributed to weak demand from China, a major rubber importer, and the massive quake and deadly tsunami in Japan.
Mr Suthep said he will call a meeting of agencies on Monday to discuss the matter.
“Rubber is one of the country’s major sources of foreign exchange and therefore the government must give it special attention,” he said.
Asked about rubber farmers' call for the government to provide a price guarantee of 100 baht per kilogram, Mr Suthep said when the government first stepped in to settle problem of low rubber prices the targeted price was set at 80 baht.
The current price is still higher than the set target, but a suitable market price was about 120 baht a kilogram, he added.
The deputy premier believed the rubber price would gradually improve. Rubber traders had now received additional loans from commercial banks and could start to buy rubber from farmers.
(Source: http://www.bangkokpost.com/news/local/227001/suthep-to-halt-rubber-exports)
Posts
0 nhận xét