The government of Thailand is said to buy 3 Billion Baht worth of rubber to local farmers to increase the prices of rubber in the rubber market.
Tag: rubber market
Futures rally due to Fed move
Rubber Futures rally in Asia as the US Federal Reserve announced it news move to boost the job growth rate of in the US and its economy in general.
Arunachal districts immensely cultivating rubber
Arunachal districts in India have massively cultivated their lands to increase the production of rubber. The Rubber Industry of India has set up rubber plantations in East Siang, Telam Seren and Dipa, Niglok, Ngorlung, Nari and Bilat and areas to reach their target of production.
Tyre manufacturers purchasing rubber in Southeast Asia
Tires makers have been busy buying rubber from Southeast Asia as the prices of rubber in the rubber market is expected to rise due to the US Federal Reserve.