Govt denies selling old-stock rubber, but will not take action to raise prices - News Summed Up

Govt denies selling old-stock rubber, but will not take action to raise prices


The spokesman was responding to allegations by leading rubber farmers that the rubber prices had dropped due to government plans to dump the ageing stockpile of third-grade rubber sheets on the market. Sansern said the government realised that selling the old stock would further reduce the already depressed rubber prices. “The prime minister would like the rubber farmers and society to have correct information, after it was rumoured that the third-grade rubber sheets would be sold from government stocks,” Sansern said. He said General Prayut has concern for rubber farmers, who have seen prices drop to Bt43 to Bt45 per kilogram since the beginning of this year. However, he said, the government would not interfere with market prices by buying rubber sheets as it would require a lot of the state budget.


Source: The Nation Bangkok September 08, 2018 08:03 UTC



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