BANGKOK, Thailand (Jan. 16)—Thailand is leading the way among natural rubber-producing nations in efforts to reduce output in hopes of raising prices, according to Far East news reports. The government has said it plans to reduce national NR production by 275,000 metric tons, or 10 percent; to accomplish this it is floating a number of plans, including replanting 56,000 hectares of Hevea trees and a $91 million loan to rubber farmers not to tap rubber. It also plans to cease buying up rubber from farmers, which has failed to raise prices. "This will be good not only for the Thai government, but for the farmers," said Lou Mucciolo, president of the Rubber Trade Association of North America. "There have been ongoing rumors that that program wasn't working."
Thailand takes action to reduce NR supply
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