The price of natural rubber has collapsed from a record high of 120 baht a kilogramme in 2011 to only 37 baht now, forcing the government to issue several measures to support prices.
Thailand ranks as the world's biggest rubber producer and exporter. The rubber city will serve up to 70 com panies wanting to invest in rubber-related industries, as the location is in the heart of Thailand's rubber plantation area, Mr Veerapong said. The area produces'80% of the country's annual rubber output of more than 3 million tonnes.