The government on Friday approved state measures to tackle low rubber prices, including a new loan package worth 20 billion baht for entrepreneurs who agree to purchase and stockpile rubber. According to Mr Grisada, the committee also approved state agencies buying more natural rubber to use for construction of roads and sports fields. Gen Prayut earlier instructed nine state agencies to speed up the use of rubber in a bid to lift domestic demand and shore up falling rubber prices. The nine organisations are the Agriculture Ministry, Defence Ministry, Transport Ministry, Education Ministry, Natural Resources and Environment Ministry, Public Health Ministry, Interior Ministry, Tourism and Sports Ministry and Bangkok Metropolitan Administration. The plans were devised to help relieve the rubber glut, which is partly to blame for free-falling rubber prices.

Source: Bangkok Post December 15, 2017 22:30 UTC