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Taido takes measures to deal with the shocks of the rubber market

 Last Update: 2021-08-05
 Source: Internet
 Author: User

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Sinochem News recently, the Rubber Authority of Thailand (RAOT) announced that it will promote four measures to stabilize Thailand's domestic rubber prices
.

The four measures are to work with private companies to stabilize rubber prices, sell rubber on the futures market to maintain market share, increase direct rubber procurement, and create added value for downstream products

It is reported that in terms of increasing rubber purchases, RAOT intends to purchase no less than 20,000 tons of latex from farmers in 2021, and increase the working capital of the Rubber Farmers Association through matching funds
.

In terms of cooperation with private companies, RAOT cooperates with private operators who are strong in production and futures trading to stabilize rubber prices and set a target of 35,000 tons/year

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