Thailand's government will buy rubber directly from farmers at prices of up to 60 baht a kilogram, nearly double the market price, in a bid to placate increasingly disgruntled farmers as prices dip to a seven-year low.The cabinet did not guarantee a price for 60 baht ($1.65) per kilogram (2.2 lb), as demanded by some rubber farmers groups, but said it would purchase up to 200,000 tonnes of rubber at up to 60 baht a kilo.
