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Thailand to push up rubber price to $4 per Kilogramme

The price reduction was caused by China buying less expensive Indonesian rubber and that investors made profits from selling their rubber contracts.

Aishwarya Gupta

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The Thai Cabinet approved a Natural Rubber Policy Panel proposal to shore up the price of para rubber to Bt120 per kilogramme, according to Deputy Government Spokesman Anusorn Iamsa-ard.

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He said the Thai rubber price now stands at Bt107/kg. The price previously dropped to its lowest at Bt85/kg at the end of last year due to the global economic downturn, the Japanese tsunami and the Thai flood crisis that caused the suspension of automobile production.

The price reduction was caused by China buying less expensive Indonesian rubber and that investors made profits from selling their rubber contracts.

The price reduction was caused by China buying less expensive Indonesian rubber and that investors made profits from selling their rubber contracts. Picture: MCOT News

The Bank for Agriculture and Agricultural Cooperatives (BAAC) will offer interest-free loans of five billion baht to agricultural institutes including agricultural cooperatives and Bt10 billion to the Rubber Estate Organization, both under the Agriculture and Co-operatives Ministry.

Both organisations will buy rubber from producers for processing and wait for a good timing to sell it at an appropriate price. The government will compensate management costs to the BAAC. (MCOT online news)

via Cabinet approves shoring up natural rubber price to Bt120/kg.

Markets

Thai Mango growers complain of low prices and fewer exports

Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.

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Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.

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Investment

Foreigners’ Participation in Thai Listed Companies explained

Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.

Boris Sullivan

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Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.

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Lifestyle

Global Gaming Expo Asia Overview

This event is a must for anyone involved in the Asian gaming industry: an overwhelming 95% of Asian casino and sportsbook operators attend G2E Asia to present their products

Pr News

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G2E Asia – an abbreviation for Global Gaming Expo Asia – is a renowned iGaming event and entertainment business hub where companies from all over the globe come to exhibit their latest products and innovations.

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