Economics
Rubber Exporters in Thailand to Avoid Selling Below Cost
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Rubber shippers from Thailand, the largest producer, pledged to avoid selling below output costs as suppliers in Asia take steps to halt a slump in prices of the commodity used in tires. Futures reached a one-week high.
Exporters should not sell ribbed smoked sheet below $1.90 or 62.70 baht a kilogram as the average output cost for growers in Southeast Asia is about 60 baht, said Chaiyos Sincharoenkul, president of the Thai Rubber Association.