Thailand looks to cut back on natural rubber output

Bangkok – Thailand’s government is paying natural rubber growers to stop growing rubber in an effort to raise prices, according to news reports from Thailand.

The Bangkok Post reported 18 July that Thailand’s Agriculture and Cooperatives Ministry would try to reduce the country’s NR planting areas by about 80,000 acres per year for the next five years.

The plan permanently would reduce Thailand’s NR production by 40,000 to 50,000 tonnes per year, the Rubber Authority of Thailand told Reuters.

Charging top officials of the ministry with the task,…

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