Rubber Report - 10 November 2017 Rubber Report - 10 November 2017 | DZHI - DZH International 

Rubber Report - 10 November 2017

  • i2Matrix
  • 10 November 2017
Angry rubber farmers plan rally in Bangkok on Monday over prices
Rubber farmers will rally in Bangkok next Monday to pile pressure on Agriculture Minister General Chatchai Sarikulya over what they see as his failure to adequately address falling rubber prices.
“Chatchai should take responsibility for the mistake,” Tanomkiat Yingchuan, an adviser to the network of rubber farmer groups, said yesterday. Rubber farmers from provinces across the country will join the rally, he said.
Participants would wear black during the protest and read out their statements in Bangkok. Rubber farmer groups are upset that during Chatchai’s term as agriculture minister, the Thai Rubber Authority formed Thai Rubber Joint Venture Co Ltd in collaboration with five big rubber firms to the detriment of small-scale farmers. “While the joint venture was supposed to help farmers in principle, it has in practice benefited investors,” Tanomkiat said. He said his group would demand that the Thai Rubber Authority withdraw from the joint venture and strictly enforce rubber-price management rules.
“Also, we hope the government will seriously promote the use of rubber in the country,” he added.
-- The Nation
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Benny Lee

Founder of i2Matrix. A market strategist, private trader and sought-after financial speaker and trainer in the Asian Region, Benny Lee has coached hundreds of professional and retails traders and investors in Malaysia, Singapore, Hong Kong, Thailand, Vietnam, Pakistan for more than 13 years. His passion in trading and chart analysis leads him to develop trading strategies that have helped him and many others to trade and invest successfully in the financial markets.

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