By Piyarat Nisangkard
BANGKOK, Feb 19 (Bernama) — Thailand will not release its rubber stockpile if the price is low, Deputy Agriculture and Cooperative Minister, Amnuay Patisae said.
“If we were to sell rubber stocks when the price is low, it will put pressure on the market and have an adverse affect on rubber smallholders.
“Looking at the situation, it is a suitable time to release the stockpile to the world market now as the rubber tapping season is nearing its end on Feb 28,” he said after attending the National Rubber Policy Committee meeting, chaired by Prime Minister Gen Prayuth Chan-ocha, in Bangkok, Thursday.
Thailand has signed a Memorandum of Understanding for Cooperation on Agricultural Products Trade with China to sell 200,000 tonnes of rubber.
However, the price depends on the pricing agreement.
Meanwhile, Thai Science and Technology Ministry, Agriculture and Cooperative Ministry, and Finance Ministry are working on proposals on projects that could use rubber as a raw material.
–BERNAMA
