Thai government props up glove sector

Thai government props up glove sectorTHE Thai government is intervening in the rubber gloves industry by offering soft loans of 5 billion baht to local
agricultural institutes and 10 billion baht to rubber estate organisations, enabling latex prices to stay
above US$2.30 in the short term. The intervention was done through the Bank of Agriculture and Agricultural
Cooperatives to increase the price of locally-grown natural rubber. (PRA)