Email Us

Thailand Approves $218 Million to Guarantee Rubber Farmer Prices

Bangkok, Thailand – Thailand has approved 7.6 billion ($218 million USD) baht for the price guarantee for the 2022-2023 season and the program will cover around 1.6 million rubber farmers with a combined 18.2 million rai of rubber plantations.


yushengmax-202356-4.jpg

Around 1.6 million registered rubber farmers will be able to sell raw rubber at a guaranteed price for the 2022-2023 season, after an assistance program was approved by the Thai Cabinet.


The initiative offers compensation if rubber market prices fall below the benchmark. Farmers are guaranteed a maximum price of 60 baht per kg for raw rubber sheets, 57 baht per kg for latex, and 23 baht per kg for cup lump, with a maximum of 25 rai per family.


The program is managed by the state-owned Bank for Agriculture and Agricultural Cooperatives. According to officials, the initiative is the fourth stage of an ongoing program and provides for a 40-60 split of earnings between rubber tappers and plantation owners.


Prime Minister Gen Prayut Chan-o-cha said addressing decreasing crop prices is still a top concern, as officials are working to find the best solution to alleviate financial problems for farmers around the country. He also noted that the government has spent 30% of the national budget to deal with falling crop prices and will strive to do more to address the issue.

Contact Us
Telephone:
+86-18366366563
E-mail:
admin@yushengmax.com
Address:
Office Add:NO.2 SHANGCHANG ROAD, ANQIU CITY SHANDONG PROVINCE,CHINA. Registered Add:No. 611, DONGFENG DONG STREET 8081,WEIFANG CITY, SHANDONG PROVINCE,CHINA
Follow us
Contact Us
Telephone:
+86-18366366563
E-mail:
admin@yushengmax.com
Address:
Office Add:NO.2 SHANGCHANG ROAD, ANQIU CITY SHANDONG PROVINCE,CHINA. Registered Add:No. 611, DONGFENG DONG STREET 8081,WEIFANG CITY, SHANDONG PROVINCE,CHINA
Follow us

We Value Your Privacy. 

Our website uses cookies to improve your experience. By clicking "Accept All Cookies",  you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. 

Accept Cookies
Read Privacy Policy
Looking for Partners
Guarantee