Agriculture Ministry, private sector set up fund to stabilise rubber price
The Ministry of Agriculture and Cooperatives and seven private entities are setting up a Bt210-million rubber-price stability fund on the Agriculture Futures Exchange of Thailand (AFET), said Deputy Minister Yuttapong Charasathien.
The objective of the fund is to buy rubber via AFET because the future price of rubber for delivery next January is Bt78 per kilogram, which is unusually low, compared with the prevailing price of Bt85 per kilo.
The Nation
RELATED