Cabinet to consider loans to rubber industry

TUESDAY, JANUARY 17, 2012
Cabinet to consider loans to rubber industry

Deputy Prime Minister Kittiratt Na-Ranong said today that on Jan 24 he would ask for the Cabinet's endorsement for the Bt15 billion scheme to shore up rubber prices.

 

 Saying after chairing the National Rubber Policy Committee, Kittiratt said that of total, Bt5 billion would be set aside for rubber purchases while the rest is for rubber processing.
 He said that such scheme should boost the smoked rubber prices, which should be at least Bt120 per kg.
 Aside, the Bank for Agriculture and Agricultural Cooperatives would be asked to lend Bt2 billion in a rubber price guarantee scheme. He urged rubber farmers not to rush selling rubber now, as demand should increase particularly when Thailand sets to manufacture upto 2 million vehicles this year.
 "Too bad this was not discussed with farmers before they staged a demonstration," he said.
  Rubber growers earlier this month demonstrated, calling the government's help.