FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post

Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Boga unusual Collection....
by Wickyz Today at 1:14 pm

» MILLENNIUM HOUSING DEVELOPERS PLC (MHDL.N0000)
by jehan008 Today at 1:11 pm

» EXPOLANKA HOLDINGS PLC Interim Financial Statements quarter ended 30th June 2021
by mah2903 Today at 12:42 pm

» Sri Lanka FOB prices for black tea highest in the world
by samaritan Today at 12:18 pm

» DPL Take over
by Vishwanarth Today at 12:12 pm

» HVA FOODS PLC (HVA.N0000)
by samaritan Today at 11:02 am

» Shares to Buy
by arun.cse Today at 10:55 am

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
by dayandacool Today at 10:09 am

» CITIZENS DEVELOPMENT BUSINESS FINANCE PLC(CDB.N0000)
by engineer Today at 7:06 am

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Jana Today at 3:36 am

» RENUKA CAPITAL PLC . KZOO.N
by Pbv Today at 12:22 am

» What will happen to AMF¿??????
by Tissa Yesterday at 11:46 pm

» Expert view on AMF??
by Tissa Yesterday at 10:12 pm

» Top Foreign Trading today
by SAGA Yesterday at 9:26 pm

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by Bakkabwoi Yesterday at 8:57 pm

» What are the short term profit stocks you are planning to buy on this Monday? (Only honest ppl please)
by Hope123 Yesterday at 7:04 pm

» Discussion on mechanism to aid investors, Conducted BY Hon Finance Minister
by D.G.Dayaratne Yesterday at 6:57 pm

» LANKEM DEVELOPMENTS PLC (LDEV.N0000)
by kadik Yesterday at 6:15 pm

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by dayandacool Yesterday at 5:54 pm

» Top crossings today
by SAGA Yesterday at 3:36 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Thailand Plans Aid to Rubber Farmers as Prices Fall

Thailand Plans Aid to Rubber Farmers as Prices Fall

4 posters

Go down  Message [Page 1 of 1]

SHARK aka TAH

SHARK aka TAH
Expert
Expert
Thailand Plans Aid to Rubber Farmers as Prices Fall Bn-fa810
A Thai farmer cuts a rubber tree to bleed its white sap at his rubber plantation in the Ka Po village of the southern Thai province of Phang Nga. Agence France-Presse/Getty Images

BANGKOK—Thailand’s rubber panel said Thursday it plans to introduce measures worth $1.8 billion to shore up rubber prices and support local farmers to deal with sharp price declines.

The National Rubber Policy Committee suggested that the government buy natural rubber from local growers in an effort to boost prices.

Thai rubber export prices have fallen more than 30% this year to five-year lows as global stockpiles outpace demand. Thailand is the world’s largest producer and exporter of natural rubber, which accounts for about a third of output world-wide, rubber industry data showed.

The issue of intervention to protect commodity prices is sensitive in Thailand, with a now-defunct rice subsidy program having contributed to the ouster of the previous government in May.

State-run Bank of Agriculture and Agricultural Cooperatives could lend up to 30 billion baht ($925 million) to the Rubber Estate Organization—under the Ministry of Agriculture—to buy rubber from the market and sell it to the government, said Deputy Prime Minister Pridiyathorn Devakula, who is also a vice chairman of the committee.

The government, which already has advanced purchase orders, will be able sell the stocks later to boost prices, Mr. Pridiyathorn said. He didn't provide details of those purchase orders.

The committee also approved a one-time payment worth a total of 8.5 billion baht ($260 million) to help 850,000 rubber farmers.

“These two measures are expected to help shore up the prices,” Mr. Pridiyathorn said after the meeting. The panel plans to increase the price by up to 30% to 60 baht per kilogram within the next two months.

Mr. Pridiyathorn said the panel will propose these measures for the Cabinet’s approval next week.

The panel also approved a one-time payment worth a total of 8.5 billion baht to help rubber farmers.

The short-term aid is similar to that previously approved for rice farmers.

“The rubber prices this year are very low, so when small-scale rubber growers ask for help, we have to help them,” he said.

Rubber farmer Weerasak Painupong, 43, said the payment is a drop in the ocean. “It’s better than nothing but it doesn’t help much. Essentially, farmers want to see rubber prices much higher up.”

Some groups of Thai rubber farmers earlier demanded the government raise the price to 80 baht per kilogram and provide a one-time cash handout of $78—double the panel’s suggested amount.

For the longer term, the panel said it would propose that the government approve low-interest loans for rubber farmers who want to plant other crops to improve their livelihoods.

http://online.wsj.com/articles/thailand-plans-aid-to-rubber-farmers-as-prices-fall-1413469656

SHARK aka TAH

SHARK aka TAH
Expert
Expert
Where is the Bottom of Rubber Price Very Happy

RPPA


Expert
Expert
@SHARK aka TAH wrote:Where is the Bottom of Rubber Price Very Happy

Need some analysis to find, BROTHER

KGAL- Best plantation co, in CSE

But effected by uncontrollable price fluctuations.

When buying plantations check their product mix in the short term.

Stop Loss

Stop Loss
Equity Analytic
Equity Analytic
The DIPD factory in Thailand produces medical gloves. With the Ebola virus causing so much concern now there'll be a greater demand for their products.

Maybe this is one reason for the renewed interest in DIPD?

jonny

jonny
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
[quote="Stop Loss"]The DIPD factory in Thailand produces medical gloves. With the Ebola virus causing so much concern now there'll be a greater demand for their products.

Maybe this is one reason for the renewed interest in DIPD?

Good rational thinking.Well come to the forum.Thanks

Stop Loss

Stop Loss
Equity Analytic
Equity Analytic
Thanks Jonny. Not easy to diplomatically say 'buy DIPD because of Ebola'  Embarassed Embarassed

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum