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The hottest Thai rubber farmers will cut rubber pr

2022-10-24

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Thai rubber farmers will cut rubber production by 25%

in order to stabilize the falling price of rubber (26100425.00,1.66%) in the past two months, rubber farmers in southern provinces of Thailand have unanimously agreed to reduce rubber production by at least 25%. Wit pratuckchai, director of the office of the Thai rubber replanting assistance fund, said that according to the agreement reached by rubber farmers, rubber farmers will reduce the number of days of rubber cutting per month in the peak production season from 20 days to 15 days, which is only one of many measures taken to delay the entry of rubber into the market to maintain the price of para rubber. Rubber farmers, traders and agricultural officials from 14 southern provinces reached an agreement on this issue at a weekend meeting

the price of natural rubber has decreased from 128 baht to 133 baht/kg (Unsmoked film) in September to 81 baht to 85 baht/kg (Unsmoked film) this week. This reflects the downward trend of natural rubber prices in the world's major commodity markets, including the Tokyo Mercantile Exchange. The purchase price of RSS3 fuming film contract on the Tokyo Mercantile Exchange in December 2011 was $3.23/kg, while the delivery price of the contract in October was $4 to $4.4/kg, and the delivery price of the contract in September was $4.6 to $4.7/kg. The Thai Rubber Association attributed the decline in rubber prices to the European debt crisis and the floods in Thailand. The flood has caused serious losses to large natural rubber demand households in Thailand, such as automobile and auto parts factories

According to Wei batuchai, the international rubber alliance, which is composed of rubber manufacturers from Thailand, Indonesia and Malaysia, will meet this weekend and may discuss the problem of reducing the output of natural rubber from the photoelectric element ports fixed on the side of the abetting grating. Two years ago, the price of non tobacco film plummeted from an average of 78 baht/kg in 2008 to 57 baht/kg, but the coordinated action of the international rubber union successfully reversed the decline in the price of natural rubber. According to insiders of the international rubber Union, Thailand may suggest members to maintain the export price of no less than US $3/kg (RSS3 smoked film)

Wei batucha believes that in the long run, all parties should establish a special committee to deal with issues such as managing national rubber inventories and drafting measures to prevent excessive fluctuations in rubber prices. He said that the Ministry of agriculture of Thailand was considering setting up an intervention fund with a total amount of 10billion baht to purchase natural rubber from the market. There was dirt glue in the oil tank. The fund will subsidize traders who agree to purchase rubber from rubber farmers at a price of not less than 120 baht/kg (non cigarette rubber). Another part of the fund will be used as a loan to the farm cooperative organization, so that it can digest the surplus in the market during the peak season of rubber production for the additive to be tested according to the standards of the American Society for testing materials

Wei batucha said that the government needs to support these measures in order to protect Thailand's 2030 billion baht rubber export industry and solve the livelihood of 1million farmers. He himself is investigating the situation that Chinese traders postpone the import of Thai rubber products due to large domestic inventories

yesterday, Wei baducha and Pornsak charoenprasert, Deputy Minister of agriculture of Thailand, flew to China to witness the signing process of a commercial agreement between Thai companies and Chinese state-owned enterprises on Thailand's export of 180000 tons of natural rubber to China at a price of US $3.5/ton

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