Govt looking for new export markets for Thai rubber

By THE NATION

 

 

The government is aggressively exploring new export markets for rubber, Prime Minister Prayut Chan-o-cha said on Friday (November 29) on the first day of the "Thailand Rubber Expo".

 

 

The premier presided over the opening ceremony of the event held by the Rubber Authority of Thailand at the Impact Muang Thong Thani exhibition centre. It ends on December 1.

 

Prayut said that the government was aggressively exploring new markets such as India and Turkey for Thai rubber exports.

 

He added that Thailand's rubber industry was facing challenges. Its main rubber importers like US and Europe are facing a slowing economy, while China can increase its own rubber capacity for domestic consumption.

 

He urged all related agencies to seek ways to address the problems.

 

Source: https://www.nationthailand.com/business/30378904

 

-- © Copyright The Nation Thailand 2019-12-01

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They could use it for domestic consumption ????????

5 hours ago, rooster59 said:

The government is aggressively exploring new export markets for rubber, Prime Minister Prayut Chan-o-cha said on Friday (November 29) on the first day of the "Thailand Rubber Expo".

Rubber has been falling for years, none of you ever thought: 1. finding new markets, 2. developing new products, 3. that you are not the only rubber manufacturer!
Now, after the train has left, do you wake up, a little late or not?

There's plenty of markets out there for it - but due to the high baht, nobody wants to buy 25-40% more expensive than previously ! Drop the baht, the markets will open up, don;t drop the baht, the market will be gone until you can undercut competitors - and as we all know in times of hard selling , Thai put price up to cover loses !

5 hours ago, rooster59 said:

Prayut said that the government was aggressively exploring new markets such as India and Turkey for Thai rubber exports.

dream on Prayut, the baht keeps gaining against both of these currencies, they have no interest in over paying for your rubber when they can get it from Indonesia at lower price

Another subsidy coming.  Rice, rubber—what’s next?

Bargirls?

5 hours ago, RichardColeman said:

There's plenty of markets out there for it

The global rubber market is complicated.

Through 2019, the five fastest growing national rubber markets worldwide will all be located in the Asia/ Pacific region. https://www.freedoniagroup.com/industry-study/world-rubber-3381.htm

By the end of 2018, the market [for natural rubber] still hovered at the bottom and showed no signs of recovery. In 2019, global natural rubber prices will go on setting all-time lows until 2020 or 2021 when the price may level off and pick up. https://www.globenewswire.com/news-release/2019/05/24/1843110/0/en/Global-and-China-Natural-Rubber-Industry-Report-2019-2025.html

As Thailand continues to have a surplus of rubber attached to ASEAN's highest-valued currency, the government ultimately can only do what it has been doing: buy Thailand's rubber supply at above market price and self-consume it.

4 minutes ago, Srikcir said:

the government ultimately can only do what it has been doing: buy Thailand's rubber supply at above market price and self-consume it.

same they have been doing with the rice, extremely smart ways of doing business (sarcasm intended)

No chance of getting rubber exports increased due to the overvalued baht, my missus only gets 18 bht a kilo  now for raw rubber, going to give up rubber now, cassaver is the best at the moment. 

6 hours ago, Isaan sailor said:

Another subsidy coming.  Rice, rubber—what’s next?

Bargirls?

    Bargirls travel well,  over the mountains and over the seas .

        Unlike Guisness ...