The Thai government’s rubber stocks, bought from farmers in an intervention scheme from August 2012 to May 2013, stand at 210,000 tonnes and there are no plans to sell right now as market prices are too low, the agriculture minister said.
However, if prices go higher later this year, the government could sell, Yukol Limlaemthong told Reuters in an interview.
“We will definitely sell the 210,000 tonnes of rubber, but not now because prices are low and that would cause huge losses because we bought at high prices,” he said.
Source: Reuters
