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February average RSS3 price announced by Central Rubber Market in Songkhla stood at 40.42 Baht/kg, 4.55 % up from January due to the following factors. Rubber output in producing countries, especially Thailand contracted after the wintering season had started. Crude oil price at Nymex recovered from its 12 year low level. Japanese yen and Thai baht depreciated. Thai government’s rubber-buying scheme rendered positive effect to local prices. Investors became less concerned over slowing global economy after the US and China reported better economic figure. U.S. Commerce Department reported that retail sales and inventory increased by 0.2% and 0.1% respectively. Foreign direct investment figures of China in January increased by 3.2%. Chinese Consumer price Index / inflation rate in January increased 1.8% from 1.6% in December 2015. The European Central Bank announced that it is ready to ease policy further in March. Eurozone economy expanded by 1.5% in 2015, the highest level since 2011. However, overall rubber price is still under the risks of crude oil price crisis and weak global economy caused by volatility in global financial and stock market. Recently, Organisation for Economic Co-operation and Development (OECD) has downgraded its forecast for global economic growth in 2016 to 3.0% from 3.3%.
In January 2016, Thailand exported 299,259.53 tons of natural rubber (including compound rubber), 10.26 % down from December 2015 and 11.75 % down yoy, generating export income of US$ 337.41 million, 14.41 % down from December, and 31 % down yoy.
In tyre sector, in January Thailand exported 7.64 million units of all tyres, 15.07% down from December and 8.28% down yoy, with the export value of US$ 223.91 million, 18.44% down from December and 19.12% down yoy.
![[Current Year]](/en/index.php/detail_member/thainr_graph/uploadfile/thb/020241101110807.jpg?detail=situation&yearPlus=Nothing){kind=link}