BANGKOK: Thailand’s government has announced a series of measures to help rubber farmers reeling from a slump in global prices to five-year lows, helping push up futures in Tokyo and Shanghai by nearly 5%.
The steps include nearly a billion dollars in funds to finance rubber purchases by the state-run Rubber Estate OrganisationThe steps include nearly a billion dollars in funds to finance rubber purchases by the state-run Rubber Estate Organisation, which oversees Thailand’s stocks in the world’s biggest producer and exporter of the commodity. It is unclear if these are additional funds to those announced for rubber purchases in September.
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