BANGKOK, Oct 21 (Reuters): Thailand's government has announced a series of measures to support rubber farmers reeling from a slump in global prices to five-year lows, helping push up futures in Tokyo and Shanghai by almost 5 per cent at one stage on Friday.
The steps announced late on Thursday include nearly $1 billion to finance rubber purchases by the state-run Rubber Estate Organisation, which oversees stockpiles in the world's biggest producer and exporter of the commodity.
The military has said it wanted to wean farmers off the expensive buying schemes used by previous administrations that had left Thailand struggling to sell bloated stockpiles.
Thailand moves to support rubber farmers
FE Team | Published: October 22, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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