Under its intervention programme, the government of Thailand has bought only 4,300 tonnes of rubber sheet from farmers ar below the target of 200,000 tonnes, and it has had minimal impact on prices, government and industry official said on Tuesday (May 29).
“It is because of the complicated authorisation process that slowed down the buying programme, plus unfavourable weather that cut supply. That’s why we haven’t been able to buy much rubber so far,” said Wit Pratuckhai, Director General of the Office of the Rubber Replanting Aid Fund (ORRAF).