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Thai government propping up rubber prices with US$183 milion of support

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The Thai government is buying rubber from the market via a 6 billion baht (US$183 million) buffer fund to support prices. According to a Reuters report, a private fund has also been set up to support domestic rubber futures.

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Related news:

  1. Top natural rubber produces cutting exports by 240,000 tons
  2. IRSG welcomes new Thai member
  3. US economic data lifts Asian rubber prices
  4. Sinochem International Buys 51% of GMG
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Indian tyre stocks fall back

The prices of shares in Indian tyre manufacturers have fallen back after rallying last week prior to the Easter weekend. According to local news sources, the shares of tyre companies plunged by up to 8 per cent each. The fact that one of the largest domestic tyre makers, MRF, reported a decline in net profit for the quarter ended March 2014 was said to have been the main precipitating factor.

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Related news:

  1. Indian Tyre Manufacturer Shares Rise alongside Price Hikes
  2. India tyre cartel allegation under investigation
  3. Lower rubber prices push up Indian tyre shares
  4. Indian tyre manufacturer shares surge over Easter
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