ERJ staff report (BC)
Pattaya, Thailand – The Thai government should adopt a policy of reducing rubber production and compensate planters for the lost revenue in an attempt to salvage declining rubber prices, the Pattaya Mail reports a leading rubber planter as having said last week.
Perk Lertwangpong, president of the Rubber Planter Cooperatives of Thailand, said cooperatives nationwide have been asking for government price support for rubber for nearly two years, and proposed to reduce production of rubber by 500 000-1m tonnes per year.
The government should not be in a hurry to sell over 200 000 tonnes of rubber in stock but rather sell it to private tire manufacturing factories or mix the rubber with asphalt for road construction, he said.
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Full report from the Pattaya Mail