Low rubber price hurts South
- Published: 28 Apr 2013 at 13.59
- Online news:
The declining price of natural rubber has caused a recession in the economy of the southern region, Perk Lertpanwong, chairman of the Rubber Farmers Association of Thailand, said on Sunday.
The purchasing power of rubber farmers was down by more than 50% after the rubber price dropped to 60 baht per kilogramme from 100 baht last year, he said.
It was estimated that about 10,000 pickup trucks bought through the leasing system by rubber farmers would be seized by car agents because they cannot meet installment payments, Mr Perk said.
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