Prime Minister Gen Prayut Chan-o-cha has promised rubber farmers that more remedy measures will be rolled out to help them.
Speaking after chairing the Natural Rubber Policy Committee meeting on Friday (Dec 15), the prime minister said the committee approved several measures to resolve falling rubber prices, and they would be tabled for cabinet approval next week.
But the Prime Minister said rubber farmers should not anticipate instant price change from the remedy measures.
He said rubber farmers should not pressure for immediate raise of prices.
The measures will gradually bolster rubber prices in the whole system which will correspond with global situation, he said.
Meanwhile, Agriculture and Cooperatives Minister Grisda Boonrach said that the committee agreed to allocate a portion of budget to compensate interest burden of rubber farmers at not more than 3%.
Moreover, government agencies will be encouraged to increase the use of rubber, while farmers will be advised to lower rubber planting areas next year for three months from January to March to delay market supply.
Under this short-term measure to tackle rubber price slump, the Rubber Authority of Thailand will compensate each family 4,000 baht.
Source: Thai Public Broadcasting Service (Thai PBS)