webfact Posted September 17, 2020 Share Posted September 17, 2020 Ministry suspects price manipulation behind yo-yoing rubber By The Nation The Agriculture and Cooperatives Ministry has ordered the Rubber Authority of Thailand to investigate suspicious changes in the rubber sheet price after a drop of 13 per cent in the last two weeks. Minister Chalermchai Srion wants to know whether the price is being suppressed by big exporters, so the ministry can find a solution. The price has fallen sharply from a high of Bt61.95 per kilo on July 2 to Bt53.4 per kilo this week. The ministry will collaborate with the Finance Ministry to apply the law against people who suppress the price and to check whether the rubber that is hoarded can affect prices. The government has targeted an acceptable price level of Bt55-Bt56 per kilo and tasked the Rubber Authority with preventing the price from dropping below the target. Thailand’s rubber market is being sustained by domestic trade amid low international demand due to the Covid-19 pandemic. The current situation required cooperation from all rubber stakeholders, said the ministry. Source: https://www.nationthailand.com/news/30394725 -- © Copyright The Nation Thailand 2020-09-18 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Justgrazing Posted September 17, 2020 Share Posted September 17, 2020 4 minutes ago, webfact said: Rubber Authority of Thailand to investigate suspicious changes in the rubber sheet price after a drop of 13 per cent in the last two weeks but hope it will bounce back at some point .. 7 minutes ago, webfact said: low international demand due to the Covid-19 pandemic. No f'rrang Johnny's coming in that's what's ball's it up .. 2 Link to comment Share on other sites More sharing options...
hotchilli Posted September 18, 2020 Share Posted September 18, 2020 6 hours ago, webfact said: The Agriculture and Cooperatives Ministry has ordered the Rubber Authority of Thailand to investigate suspicious changes in the rubber sheet price after a drop of 13 per cent in the last two weeks. Was there a similar investigation when the rubber price suddenly escalated a few months back? manipulation... Thailand, nah I don't believe it. 1 Link to comment Share on other sites More sharing options...
Paiman Posted September 18, 2020 Share Posted September 18, 2020 7 hours ago, webfact said: the Rubber Authority of Thailand I was still sleepy when reading and thought it being about the Main man. My mistake. It is actually about rubber prices. Link to comment Share on other sites More sharing options...
Pedrogaz Posted September 18, 2020 Share Posted September 18, 2020 ....or maybe it's just price elasticity... Link to comment Share on other sites More sharing options...
JusticeGB Posted September 18, 2020 Share Posted September 18, 2020 Tourists numbers down so less condoms being used? Link to comment Share on other sites More sharing options...
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