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  1. #1
    Utopian Expat Chittychangchang's Avatar
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    Thai rubber farmers plan protest over low prices

    Rubber farmers in Thailand, one of the world's biggest exporters of natural rubber, threatened on Friday (Nov 10) to protest in the capital Bangkok if the military government does not help to prop up falling prices of the commodity.
    Prices of Thai natural rubber have fallen from a peak of 179.25 baht (S$7.36) per kg in 2011 to 47.75 baht on Friday. But Thai authorities said prices have similarly slumped in other major producers of the commodity.
    Protests are rare in the junta-ruled South-east Asian country where a ban on public gatherings has been in place since a 2014 coup.
    The Natural Rubber Council of Thailand said farmers in the rubber-growing south were calling on the authorities for help.
    "The price of rubber is now lower than the cost of production," Uthai Sonlucksub, president of the council, told Reuters.
    Some farmers from the south want to protest on Monday and accuse the Rubber Authority of Thailand, a government agency, of mismanagement, Mr Uthai said. He did not give details on the kind of help the farmers want.


    Thailand, along with Indonesia and Malaysia, produce nearly 70 per cent of the world's natural rubber. The three countries agreed last year to cut exports to boost market prices but their targets have not always been met.
    The Thai rubber authority denied the accusations of mismanagement.
    "Rubber prices are currently low in all of the major rubber-producing countries. We are doing our best," said Sunan Nuanphromsakul, the authority's deputy governor.
    Thailand's rubber farmers are politically powerful. In 2013, hundreds of farmers staged protests around the country, blocking roads and a regional airport in the south.
    Those demonstrations eventually turned into a bigger political movement that led to the ouster in 2014 of a civilian government led by then-Prime Minister Yingluck Shinawatra.
    Thai benchmark unsmoked rubber sheet was quoted at 43.60 baht per kg on Thursday, less than half of this year's peak reached in January.

    Thai rubber farmers plan protest over low prices, SE Asia News & Top Stories - The Straits Times

  2. #2
    Thailand Expat
    sabang's Avatar
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    if the military government does not help to prop up falling prices of the commodity
    And what can any government, military or otherwise, do to prop up the falling prices of a worldwide commodity?
    Stockpile? Well we've seen how that works out, time and time again. The yingluck saga is just a recent example.
    No, call spade a spade- what you are asking for is handouts.
    Isn't it high time the Thai rural sector got used to the existence of the market economy, and commodity cycles?
    And perhaps even (shock horror) become more efficient?
    probes Aliens

  3. #3
    Thailand Expat
    Farang Ky Ay's Avatar
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    ^ agree, when governments promote a specific crop, this generates oversupply
    Pb is with trees (heveas for rubber but also fruits trees like Lam Yai) people are stuck, they can't change their crop...

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