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WELCOME TO THE THAI RUBBER ASSOCIATION |DAILY RUBBER PRICES on 12 September 2019 (in US cents/kg) : TRA: STR20 139.15  RSS 3  153.10 GAPKINDO: SIR20 136.69 | MRE: SMR20 133.90 | RTAS: TSR20 133.10  RSS 3  154.20 | VRA: SVR10 135.00ARDC: CSR10 N.A.|

 
   PRESIDENT VIEW
   Enhancement of Thai Rubber Industry’s Competitive Advantage

Production and exports of Thai rubber is currently signaling a slowdown. Export of Thai primary-processed rubber in the first half of this year reached 2.31 million tons, down 9.18 % yoy. The year-to-date export value touched US$ 3.12 billion, down 14.46 % yoy (Custom Department). This downward trend is due to the slowing economy affected by Us-China trade war, which resulted in slowing global rubber consumption demand, especially in Chinese market, the world’s largest.

Thai rubber export sector is facing various challenges which impede competitive advantage of Thailand as compared to other rubber producing countries. Among those challenges are loan, currency exchange, cost of production and trade benefits. Financial institutes exercise more caution in granting loans to rubber entrepreneurs due to rubber business risks. Certain entrepreneurs ceased their operation due to insufficient financial support.

Chinese investors run joint venture with Thai rubber processers while big entrepreneurs expedite the listing of their companies into security exchange of Thailand for fund raising. Secondly, due to the continued appreciation of Thai baht to its 6-year high, Thai rubber prices are relatively more expensive than those of Malaysia and Indonesia. Thirdly, tyre manufacturers imported rubber from alternative markets like Africa and Latin America as well as newcomer like Myanmar due to lower cost of production and lack of cess. Fourthly, Thailand’s international trade negotiation were stagnant before the new government being elected. Meanwhile, Vietnam was successful in negotiating FTA with the EU. Malaysia, which is already a member of CPTPP enjoys tariff-free trade, which is a competitive advantage.

Thai government is expediting its schemes to enhance Thailand’s competitive advantage. Ministry of Agriculture and Cooperatives announced a policy “Marketing-led agriculture” to stay in tune with current global situations, maintain existing markets and find new markets. In addition, Ministry of Commerce is expediting the negotiation for FTA with the EU and pushing forward Thailand as the production and distribution base for the EU market. Furthermore, RCEP and CPTPP will also be put into negotiation.

The Thai Rubber Association is of the view that enhancement of competitive advantage is highly important in maintaining Thailand’s position as the largest rubber exporter and an important production base of rubber-finished products. It plays a big part in the further growth of Thai rubber industry.
Monthly of   August  2019     


   Activities

    iconAll Activities  
8th TRA Executive Committee Meeting 2019
icon 13  September  2019
The Thai Rubber Association scheduled for the 8th TRA Executive Committee Meeting 2019 and a meeting with  Tokyo Commodity Exchange (TOCOM) on Friday, September 13, 2019 from 11.00-13.00 hrs at Agehan Restaurant, 2nd Floor, Grand Hotel Mercure Fortune Bangkok...
IMT-GT Business Forum 2019
icon 10  September  2019
The IMT-GT Business Council JBC Thailand hosted the IMT-GT Business Forum 2019 on Tuesday 10 September 2019 at Krabi, Thailand. The topic of the discussion is "Developments and Opportunities for the Rubber industry". In this regards, Mr. Supadetch Ongsakul, TRA Deputy Secretary General as a represen..
The 29th Meeting of the ACCSQ Rubber-Based Product Working Group (RBPWG) and Its Related Meetings
icon 4  September  2019
The 29th Meeting of the ACCSQ Rubber-Based Product Working Group (RBPWG) and Its Related Meetings was held on 4-6 September 2019 at Bliston Suwan Park View Hotel, Bangkok, Thailand. In this regards, Ms. Piyaporn Saelim, TRA Manager and Ms. Suthida Chitwang, TRA Officer attended the meeting...
Meeting to discuss the rubber price solutions
icon 26  August  2019
With the Minister of Agriculture and Cooperatives (Mr. Chalermchai Sri-on) please have a command to hold a meeting to discuss the rubber price solutions with government agencies, private sector and farmers attending the meeting  On Monday 26 August 2019 at 14:00 hrs. At the Ministry of Agricul..
22nd Meeting of the Economics & Statistics Committee (ESC) of the ARBC & Sharing of Information on Sustainable Development of Natural Rubber
icon 24  August  2019
Mr. Supadetch Ongsakul TRA Deputy Secretary General, Ms. Piyaporn Saelim TRA Manager, and Mr. Phudit Junthawadee TRA Officer attended 22nd Meeting of the Economics & Statistics Committee (ESC) of the ARBC & Sharing of Information on Sustainable Development of Natural Rubber on Saturday, Aug..
IMT-GT Business Forum 2019
icon 10  September  2019
The 29th Meeting of the ACCSQ Rubber-Based Product Working Group (RBPWG) and Its Related Meetings
icon 4  September  2019
Meeting to discuss the rubber price solutions
icon 26  August  2019
22nd Meeting of the Economics & Statistics Committee (ESC) of the ARBC & Sharing of Information on Sustainable Development of Natural Rubber
icon 24  August  2019

   News

    All News
Glove makers beneficiaries of trade diversion and weak ringgit, says HLIB  new 13  September  2019
China launches natural rubber futures  new 13  September  2019
People: IRCO appoints new chief executive  new 13  September  2019
Asian stocks rise on hopes for U.S.-China trade, monetary stimulus  new 12  September  2019
Oil rises as U.S., China swap concessions in trade war, inventories fall  new 12  September  2019
Cautious optimism supports dollar ahead of ECB  new 11  September  2019
Oil hits six-week high on hopes of extended OPEC output cuts  new 10  September  2019
Asian stocks mostly weaker on steep Chinese factory price declines  new 10  September  2019
Asia shares rise on trade war hopes, firm U.S. data; safe havens sold   6  September  2019
Oil prices edge higher, set for weekly gain amid trade optimism   6  September  2019
   

 

 

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TEL. 074-429011-2 , 074-429311 FAX. 074-429312 E-MAIL: tra@csloxinfo.com

 

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