Government to buy rubber from growers at 45 baht/kg

The government has decided to buy rubber directly from rubber growers at 45 baht/kg for up to 100,000 tonnes.

Deputy Prime Minister Prawit Wongsuwan, chairman of a panel tasked with resolving rubber price problem, said today (Thursday) that the panel agreed to set the purchasing price at 45 baht/kg for rubber sheets.

The prices for the other rubber products such as latex and cup rubber will be determined based on the price for rubber sheets, said the deputy prime minister, adding that he didn’t know whether rubber growers would be satisfied with the price or not but he hoped they should.

He hinted that the government might, in the future, buy more rubber from the growers.

The Public Warehouse Organisation will be responsible for buying rubber from the growers with funding drawn from the Rubber Fund.