September average RSS3 price announced by Central Rubber Market in Songkhla stood at 41.72 Baht/kg, down 0.1 % from August due to the following factors. In September, Thailand's rubber prices slightly dropped due to the strengthening baht. This is coupled with an increase in rainfall across Thailand, especially the southern region which increased by more than 40%. 

In the oil sector, oil producers stop their production to maintain the production base, resulting in low output and global crude oil prices. In August, Thailand’s car exportation generated an export income of 45,694.98 million baht, down 18 % compared to the last year. Furthermore, China’s car production also dropped. For the government sector, Thailand government is expediting to solve the low rubber prices by using the Price-Pledging Policy affecting on October 1, 2019. Moreover, the rubber farmers in phase 1 may receive their money on December 15, 2019. However, it depended on the results of the 1st Natural Rubber Policy Committee Meeting 2019 on October 4, 2019. 

In August, Thailand exported 348,415 tons of natural rubber (including compound rubber), up 3.12 % from July and 20.42 % yoy, generating export income of 15.2 billion baht, down 3.06 % from July, up 21.07 % yoy. Overall, during the first 8 months, Thai NR exports (including compound rubber) reached 3,005,239 tons, up 11.63 % yoy. The YTD export value touched 129 billion baht, up 15.08 % yoy.

In tyre sector, in August Thailand exported 12.08 million units of all tyres, up 6.65 % yoy, with the export value of 15.5 billion baht, up 8.65 % yoy. Overall, during the first 8 months of 2018, Thai exports of all tyres reached 89.59 million units, up 38.49 % yoy, generating export revenue of 116 billion baht, up 56.59 % yoy.