August average RSS3 price announced by Central Rubber Market in Songkhla stood at 57.03 Baht/kg, down 4.76 % from July due to the following factors. Heavy rain in plantation areas precluded tapping capacity, resulting in tighter output in rubber market and purchasing competition. Thai government established Rubber Consortium Limited to stabilize rubber price. China disclosed strong economic figures; exports increased 7.2% yoy in July , while imports expanded 11.0% yoy. China cut a reserve requirement ratio (RRR) as the central bank injected 399.5 billion yuan (US$59 billion) into the market via the mid-term lending facility (MLF). Investors were less concerned over tension in North Korea as the United States had diplomatic options. Investors were of positive view towards U.S. economy after USA disclosed positive economic data; July industrial production increased by 0.2%; retail sales recorded their biggest increase in seven months in July. Weekly average crude oil price at Cushing, Oklahoma dropped from 49.51 in the 1st week of August to 49.11 and 47.50 US$ per barrel in the 2nd and 3rd week respectively.
In July, Thailand exported 285,385 tons of natural rubber (including compound rubber), up 9.24 % from June, down 5.61 % yoy, generating export income of US$ 428.88 million, down 2.59 % from June, up 20.56 % yoy. Overall, during January to July Thai NR exports (including compound rubber) reached 2,092,239 tons, down 4.91 % yoy. The YTD export value touched US$ 3.84 billion, up 49.03 % yoy.
In tyre sector, in July Thailand exported 10.71 million units of all tyres, up 14.58 % yoy, with the export value of US$ 378.51 million, up 21.52 % yoy. Overall, during January to July Thai exports of all tyres reached 71.34 million units, up 10.05 % yoy, generating export income of US$ 2.47 billion, up 23.36 % yoy.
![[Current Year]](/en/index.php/detail_member/thainr_graph/uploadfile/thb/020231221164504.jpg?detail=situation&yearPlus=Nothing){kind=link}