Rubber farmers call for ‘urgent action’ to shore up prices

[webfact]

Rubber farmers call for ‘urgent action’ to shore up prices 

By The Nation

 

FILE photo

 

Rubber farmer leaders in the southern provinces have called on the new agriculture minister to speed up measures to shore up falling rubber sheet and latex prices.

 

Thanomkiart Yingchuan, an advisor to the chairman of the network of the Rubber Farmers Institute of Thailand, said the new agriculture minister, Chalermchai Sri-on from the Democrat Party, is well aware of the problem of low rubber prices.

 

Rubber growers have therefore pinned their hopes on Chalermchai speeding up a solution to prevent the prices from further falling, Thanomkiart said.

 

He said previous Democrat governments had solved the problem of falling rubber prices and so was familiar with the issue, but growers would wait to see how the new minister’s team addressed the issue.

 

Thanomkiart said rubber growers feared that certain businessmen were collaborating to force the price down so that they could buy up rubber sheets to later resell when the government shores up the price.

 

Pratop Suksanan, president of the Trang Rubber Farmers Network, said the price for rubber sheet had earlier risen to Bt60.50 per kilogram for just one day before dipping to below Bt60.

 

He said after the prices of rubber sheets fell to below Bt60, the price of rubber latex also fell from Bt50 to about Bt41 and Bt42.

 

Urgent action is needed by the government, he said.

 

He attributed the fall to improper measures taken by the Rubber Authority of Thailand when its business unit tried to intervene in the market.

 

The authority’s business intervened by bidding at one of three central rubber markets at a time, while offering unrealistic prices of about Bt3 to Bt4 higher than the market price.

 

The method caused private firms to be unable to compete, and so it failed to shore up the price, Pratop said. The authority should instead have simultaneously intervened in the three central markets – Surat Thani, Nakhon Si Thammarat and Songkhla – by offering realistic prices to shore up the prices.

 

Source: https://www.nationthailand.com/news/30372768

 

-- © Copyright The Nation Thailand 2019-07-11

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[Phuketshrew]

Is there any correlation here between the story about less western tourists visiting Pattaya and the decline in rubber sales?

[seajae]

why is it that thai farmers want to be part of the world market but when the prices start to fall they suddenly want the govt to shore up the price for them, the farmers decide what they want to grow but refuse to take responsibility when the price drops, no one to blame but themselves, they need to realize prices go up and down. They need to look at the market for what they grow and not just plant as much as possible, nothing is guaranteed, its the risk they have to take themselves

[Matzzon]

Production, disregarding unit, product or service, is a question of available amout of P against the available demand D.

 

If D is higher than P, the price goes up. If P is higher than D, the price goes down. As a farmer that is something you need to know, when you choose the path in life.

[Lupatria]

New note on condom packages:

"Support Thai rubber farmers - take two they are small."

[Cadbury]

Three economic bad news stories today. First it was car sales, then it was rice and now it is rubber.

I can't remember when I last heard a Thailand good financial news announcement. 

Looks like rot has set in after almost 5 years of military economic (mis)management.

[wombat]

it wasn't that many years ago that they were lining up to buy new vehicles with the big money being made in rubber.
what happened ?

[yokat]

19 minutes ago, Cadbury said:

Three economic bad news stories today. First it was car sales, then it was rice and now it is rubber.

And in another news the government says it has money to inject in the economy to "stimulate growth". I can't wait for everything to fall down, my condo's lease is ending soon.

[wombat]

2 hours ago, Matzzon said:

Production, disregarding unit, product or service, is a question of available amout of P against the available demand D.

 

If D is higher than P, the price goes up. If P is higher than D, the price goes down. As a farmer that is something you need to know, when you choose the path in life.

no. the only thing you need to know as a farmer is that the middleman makes the money.

[KiChakayan]

Seems that Thai farmers are well qualified to work in the EU.

[Bluespunk]

4 hours ago, webfact said:

Rubber growers have therefore pinned their hopes on Chalermchai speeding up a solution to prevent the prices from further falling, Thanomkiart said.

 

Such as produce less rubber, diversify, grow something else?

[Matzzon]

24 minutes ago, wombat said:

no. the only thing you need to know as a farmer is that the middleman makes the money.

Nope, The over production in Thaialnd is well known. At start everybody is happy and get their money. After that all people and their dog jump om the train to succes, which leads to that over production that makes the price fall.

Just look at the mobile phone shop thta opens in a street. After 2 month there are 10-20 mobile phone shops in the same street.

[Isaan sailor]

It looks like 98% of the Thai economy would benefit from a lower Baht.  

[Srikcir]

1 hour ago, Cadbury said:

I can't remember when I last heard a Thailand good financial news announcement.

The SET is doing very well.

• The Thai stock market has risen about 5% from January 2019-May 2019 even while business sentiment was at a 3-month low and consumer confidence was at its lowest in 19 months. https://forum.thaivisa.com/topic/1104894-thai-junta-chief-vows-to-do-his-best-as-civilian-pm/page/3/comment-14218949?utm_source=newsletter-20190607-0621&utm_medium=email&utm_campaign=news 

• In July 2019 SET Index could reach 1,775 points by end of year. https://www.nationthailand.com/business/30372656https://assets.thaivisa.com/forum/uploads/monthly_2019_07/logo2.jpg.5327dfc3eba915081b030a0f0dc72996.jpg  

If you're middle-upper income class you might be doing well.

[hotchilli]

10 hours ago, webfact said:

Thanomkiart said rubber growers feared that certain businessmen were collaborating to force the price down so that they could buy up rubber sheets to later resell when the government shores up the price.

So don't sell to certain businessmen... find new markets !

[overherebc]

6 hours ago, Bluespunk said:

Such as produce less rubber, diversify, grow something else?

You think too much.

[overherebc]

6 hours ago, Matzzon said:

Nope, The over production in Thaialnd is well known. At start everybody is happy and get their money. After that all people and their dog jump om the train to succes, which leads to that over production that makes the price fall.

Just look at the mobile phone shop thta opens in a street. After 2 month there are 10-20 mobile phone shops in the same street.

Don't mention 7/11.