Tire industry to reduce production capacity Thai rubber prices drop

November 27 reported that the Thai Agriculture and Cooperatives Ministry of Agriculture technical director Somchai said that by the impact of the global economic slowdown has led to large-scale layoffs Motors, for example, the U.S. General Motors (GM), Japan's Toyota Motor (Toyota), etc. . That the tire industry, worried by the impact of the economic slowdown to reduce production capacity, international rubber prices have also reduced. Tokyo rubber market closing price before the (24) also fell.

To address the problem of rubber prices, agriculture and agro-technology agency has been co-assistant secretary of the Department of La-guess to consider the requirements of cooperatives to promote the use of the Office of Cooperative Development Fund, the amount of 10 billion baht to buy rubber, waiting for future prices when sold.

The promotion of cooperative-director Deborah said that the use of the cooperative development of the Fund provides loans to be in accordance with the regulations, can only provide loans to the cooperatives. Agricultural Ministry to use the money to buy rubber, must be handed over to cooperatives applying for the loan.

Songkhla's Hat Yai rubber market prices, on the 24th film of Health at 43.77 baht per kilogram, and on the 3rd of this month's price comparison, fell 16.34 baht per kg; 3 smoke Film 45.45 baht per kilogram, 19.01 baht lower; fresh plastic Juice of 39 baht per kilogram, down 25 baht.