Thailand to Scrap Export Fees on Rubber Shipments for 4 Months

Sept. 2 — Thailand to stop collecting fees on rubber exports until Dec. 31 to help boost local prices, Office of the Rubber Replanting Aid Fund says.

* Move will encourage exporters to buy more rubber from farmers, says Prasit Meadsen, the office’s acting director.

* NOTE: Exporters pay 2 baht/kg on rubber shipments.

* NOTE: Rubber farmers have held protests in southern province of Nakhon Si Thammasat to urge govt to set minimum prices

Related Post

Thai rice prices hit one-month high

November 22, 2024

Japanese rubber futures up

November 22, 2024

Asia rice: Thai prices hit 1-month high, Indian rates steady near 15-month low

November 21, 2024

Japan rubber futures rise on weaker yen

November 21, 2024

* Govt to review its plan to support production costs: Prasit.

* Govt currently plans to provide a subsidy of 1,260 baht per rai to farmers for up to 10 rai per person and may review a proposal from farmers to increase the limit to 25 rai

Source: Bloomberg