PADANG BESAR, Jan 7 (Bernama) — The Rubber Industry Smallholders’ Development Authority (RISDA) denied allegations that rubber prices in Thailand were higher than Malaysia.
RISDA chairman Datuk Zahidi Zainul Abidin said prices of rubber in Malaysia was higher compared with Thailand.
He said based on the record from the Thai Rubber Association, the price of scrap rubber in Thailand was 15 Baht or RM1.87 while in Malaysia the price is RM1.90 or three sen higher in contrast to what was highlighted on the social media that price in Malaysia was RM2.20 compared with Thailand’s RM4.50 per kilogramme.
“It is the same with latex. We buy at RM3.50 a kilogramme while Thailand offers 28 Baht or (RM3.39). Therefore, our price is better than Thailand which is lower by 11 sen,” he told reporters when commenting on reports in the social media that has gone viral.
Zahidi was speaking to reporters after distributing Zakat amounting to RM88,000 from RISDA’s subsidiaries Espek Plantation and RISDA Baja to 216 recipients from the Padang Besar parliamentary constituency at the Jamek Beseri Mosque, here today.
— BERNAMA
