Thailand’s rubber production last january The output decreased by more than 26%. It is expected that March-April will produce 177,100 tons of rubber and 118,231 tons, respectively, with the volume of Thai exports this year regarding 4.403 million tons, down from the previous year. But domestic rubber consumption grew by 9.9%.
Still, there are some positive factors, for example, China’s manufacturing PMI hit 50.1, indicating an expansion in China’s manufacturing sector. And the abolition of the Zero-COVID policy caused more economic activity. stimulate more demand for rubber The global automotive industry will grow by 5.33%, the world’s rubber glove industry will grow by 6.9%, and the freight rates will return to normal. Sufficient container volume Can support more international shipping volume. The IMF forecasts that the global economy will grow at 2.9%.
But now the global trend pays attention to the environment and sustainability. Major rubber importing countries, Europe, the United States, require rubber products to be produced from legal rubber plantations. and can be traced back
RAOT therefore tries to promote Thai rubber plantations into the forest certification system. Since the process of planting rubber plantations, harvesting, processing, targeting rubber plantation areas of 500,000 rai in 2022 and 15 million rai within the current 5 years, and has pushed for the trading of international standard rubber products through the rubber market system of RAOT. Selling price will be 6-10% higher than the price of general tires
In this regard, RAOT by the Rubber Economic Department is responsible for collecting orders to the central market. to find the production of premium tires that pass the standard There are now orders for premium tires for 1–5 years.
Trading premium rubber will provide farmers with international standard rubber plantations a market to support. Rubber can be sold at a higher price than general tires. And the buyer will receive quality tires. certified Reduce the risk of problems in the production process. And increase the quality of products that use rubber as raw materials as well.