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By Supunnabul Suwannakij
April 22 (Bloomberg) — Thailand, the world’s largest rubber producer, is working on plans to reduce supply and increase demand for natural rubber to stabilize prices, according to the government.
Government agencies are working together with farmers, exporters, rubber processors and academics, Amnuay Patise, head of a working group on natural rubber, said in a telephone interview. Prices should be stable, not too high or too low.
Measures being considered include export and production cuts, stockpiling and price and financial supports, and a plan will be completed before the start of the 2013/14 crop in May, said Amnuay. He is also an adviser to deputy farm minister Yuttapong Charasathien, who is in charge of rubber policy.
The working team will meet again on April 25, Amnuay said.
Source: Bloomberg