THAILAND’s Deputy Prime Minister/Agriculture Minister Yukol Lim-laemthong encourages reduced production cost amidst declining rubber price.
Yukol confirmed that last year’s export value of Thailand’s rubber fell, despite increasing the export quantity of the commodity to 3.2 million tonnes. The stagnant rubber prices are partly due to large inventories in Thailand and China.
The country’s Agriculture Ministry has been directed to determining production cost and income base of farmers, in bid to stabilise rubber prices based on supply and demand. demand/supply. Bt150/kg.
Yukol also said that farmers must be encouraged to employ new technology to bring down costs in their production and stimulate rubber exports of the country.