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สาส์นจากนายกสมาคม TRA PRESIDENT VIEW
 
   PRESIDENT VIEW
   Rubber Scenario in 2020
In 2020, the global economy tends to grow more positively as compared to 2019. International Monetary Fund (IMF) has projected the global economic growth rate as 3.4% in 2020. Meanwhile, Thai Government has rolled out the economic stimulus measures to establish economic strengths both in domestic and foreign countries. One of the most important measures is the investment in the Eastern Economic Corridor (EEC), which needs clarity as well as a continuation to generate more trade and investment opportunities. Furthermore, the prolonged US-China trade war is still the risk factor that must be focused as it can affect Thailand’s export to the US and China. However, entrepreneurs need to follow the news as well as quickly adapt to different and unexpected situations.
Natural rubber outlook 2020 is forecast to slow down in line with global economic growth as the economic factors above coupled with the natural rubber output and demand for natural rubber factors. For example, the fungal disease problem, spreading through many rubber plantations, especially Indonesia rubber plantations affected as 380,800 hectares. Meanwhile, Thailand and Malaysia were also affected as 52,000 and 5,000 hectares, respectively. For severely affected rubber plantations, the yield decreases as 70-90%. Meanwhile, the yield decreases as 30-50% for middle affected plantations. The International Tripartite Rubber Council (ITRC) expects that in 2020, rubber yield will decrease more than 800,000 tonnes. According to the Economist Intelligence Unit (EIU), growth in global natural rubber production is projected to slow to an annual average of 1% year on year in 2020-2021 as high stocks and weak prices discourage supply. Similarly, growth in global consumption of natural rubber is forecast to slow to an annual average of just 2.6% in 2020-2021, down from an estimated growth of 4.5% in 2018 because of the declining automobile demand and the volatile crude oil prices.
The Thai Rubber Association has a positive attitude towards the rubber market outlook since natural rubber contributes to economic growth. Besides, the International Tripartite Rubber Council (ITRC) and Thai government have strong collaborations that aim to establish sustainable natural rubber. To reach the goal, rubber prices should encourage smallholdings as well as build confidence for the rubber users. The measures of ITRC comprise the following: 1) Supply Management Scheme (SMS); 2) Agreed Export Tonnage Scheme (AETS); 3) Demand Promotion Scheme (DPSC). Furthermore, Thai government has the promotion of cultivating other economic crops in rubber plantations and the promotion of domestic natural rubber consumption. In addition, Thai government also promotes and supports research coupled with rubber-based product development to add product values.
In conclusion, the Thai Rubber Association strongly believes in the long-lasting relationship and corporation with the stakeholders, i.e. government agencies, private sector, smallholdings as well as the three largest NR producers: Thailand, Indonesia, Malaysia, and other rubber producing countries in the ASEAN to provide strategic direction and measures to falling prices in short term and long term and ultimately to stabilize the rubber prices.
On the occasion of the New Year 2020, I extend to you and your family our warmest greetings, wishing you a happy New Year, your career greater success, your family happiness, and your perfect health and lasting prosperity.

Mr.Chaiyos Sincharoenkul
President
The Thai Rubber Association
Monthly of   December  2019     
     
  history  
 
[   December  2019 ]
icon Rubber Scenario in 2020
In 2020, the global economy tends to grow more positively as compared to 2019. International Monetary Fund (IMF) has projected the global economic growth rate as 3.4% in 2020. Meanwhile, Thai Government has rolled out the economic stimulus measures to establish economic strengths both in domestic and foreign countries. One of the most important measures is the investment in the Eastern Economic Corridor (EEC), which needs clarity as well as a continuati...
     [ Read more...]  

[   November  2019 ]
icon The Fundamental Factors of Rubber Market
Thailand’s rubber market begins when farmers harvest latex, ribbed smoked sheet (RSS), cup lump rubber, and smoked sheet cutting. Then, these yields are sold through small, middle, large middleman or rubber cooperative to sell raw materials to the upstream rubber factories, such as latex factory, RSS factory, STR factory, rubber compound factory, mixtures rubber factory, etc. After that, it is distributed to domestic rubber-based products manufacturers and...
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[   October  2019 ]
icon The Association of Natural Rubber Producing Countries (ANRPC) Conference

One of the important roles of the Thai Rubber Association (TRA) is participating in academic conferences both in Thailand and international countries. This is to bring the technical knowledge together with the fresh information and news based on rubber to the Thai Rubber Association’s members. In 2019, Ms.Piyaporn Saelim, TRA Manager, was the de...

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[   September  2019 ]
icon Sustainable Forest Management Standards

Forest Stewardship Council (FSC) is a non-profit organization established to promote and set standards to make sure that forestry is practiced in an environmentally responsible and socially beneficial manner. The FSC certification is used to certify that the plantation is forest management, and the timber-based products are harvested from forest m...

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[   August  2019 ]
icon Enhancement of Thai Rubber Industry’s Competitive Advantage

Production and exports of Thai rubber is currently signaling a slowdown. Export of Thai primary-processed rubber in the first half of this year reached 2.31 million tons, down 9.18 % yoy. The year-to-date export value touched US$ 3.12 billion, down 14.46 % yoy (Custom Department). This downward trend is d...

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