BANGKOK, Thailand (Nov. 13)—The Thai cabinet has allocated $80 million in credit to help farm organizations buy natural rubber from small farmers, according to news reports from Bangkok. The new credit is designed to buoy rubber prices, which the Thai government wants to keep from falling below a benchmark figure of 30 baht—approximately 70 cents—per kilogram. Some $10 million of the funds will go toward building factories to make rubber smoked sheets. Also, the cabinet approved $2 million as its first payment to fund the International Rubber Co. Inc., the price-support cartel Thailand created with Malaysia and Indonesia.
Thailand approves funds for NR price support
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