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   PRESIDENT VIEW
   The Effect of COVID-19 on Rubber Industry
Since the end of 2019 until now, a lot of crisis happened around the world such as a series of massive bushfires across Australia, which affected the weather around the world, PM2.5 crisis occurred in many cities, and the COVID-19 pandemic, firstly found in Wuhan, the capital of Hubei, China. The World Health Organization (WHO) announced the COVID-19 outbreak as “a global pandemic”. Even though China can mostly control the pandemic, the COVID-19 outbreak outside China rise in more than 60 countries. As of 9 April 2020, the number of confirmed COVID-19 cases worldwide has exceeded more than 1.5 million cases, death 88,502 cases. There are 2,369 infected cases in Thailand, death 30 cases (informed by EOC-DDC Thailand as of 8 April 2020). The top 10 countries with the highest infected cases have the economic scale more than the global 2 out of 5. Therefore, the global is worried that if there are no appropriate measures to immediately control the COVID-19 pandemic, it will greatly affect daily life, society, and the global economy, including the business sector, tourism sector, and other industries.

The COVID-19 pandemic severely affects the global economy as well as global rubber demand. It affects the supply chain and the stagnant market. Besides, it also causes a delay in shipment and production plan and the lack of financial liquidity of entrepreneurs. The Association of Natural Rubber Producing Countries (ANRPC) expects that global natural rubber output in 2020 could jump 2.7% (14.18 million tons). Meanwhile, the global rubber demand in 2020 could climb 1.2% (13.82 million tons) because of the stop production of factories in China in the first two months of 2020, as a result of the COVID-19 pandemic.

 The Thai Rubber Association is aware of the COVID-19 pandemic effects on the rubber industry. Besides, the rubber industry is also affected by the drought. Thailand relies on exports to China, Malaysia, USA, and Japan as 40% of total exports. So the market recession, as well as the stop operation of Malaysia border checkpoint from 18 March until the end of April 2020, affect Thailand's rubber industry. However, the Thai Rubber Association expedites coordinate with both Thailand and Malaysia’s government agencies and the private sector. Besides, TRA had discussed with the Consul General of Malaysia in Songkhla on resume the operation of the border checkpoint of both countries. Furthermore, the Rubber Authority of Thailand (RAOT) announced the contact channel for helping smallholders, Farmer Institution, entrepreneurs, and other people who are suffered from rubber problems caused by COVID-19 pandemic. 

Lastly, I support healthcare workers, Public Health, and everyone related to the COVID-19 preventative actions. Please take care of yourself, and we will get through this crisis together.


Mr.Chaiyos Sincharoenkul
President
The Thai Rubber Association
Monthly of   April  2020     


   Activities

    iconAll Activities  
The sub-meeting titled "the 2nd meeting of Guidelines for driving the development of Bioeconomy, Circular Economy, and Green Economy (BCG) under the agriculture sector" (Online Meeting)
icon 12  May  2020
National Science and Technology Development Agency (NSTDA) held The sub-meeting titled "the 2nd meeting of Guidelines for driving the development of Bioeconomy, Circular Economy, and Green Economy (BCG) under the agriculture sector" (Online Meeting) on May 12, 2020, at 9.00-11.00 a.m.  In this..
4th TRA Executive Committee Meeting 2020
icon 8  May  2020
The Thai Rubber Association held the 4th TRA Executive Committee Meeting 2020 (Online Meeting) at 9.30 a.m. on May 8, 2020, at TRA Meeting Room, the Thai Rubber Association, Hatyai, Songkhla...
Committee Meeting on Supporting and Reducing the Effect for Private Sector
icon 10  April  2020
Mr. Ruengkit Wajanakomkul, Mr. Taweelarp Trijutakan and Ms. Piyaporn SaeLim, TRA manager attended the Committee Meeting on Supporting and Reducing the Effect for Private Sector on 10 April 2020 at 1.30 p.m., at the CEO meeting room, 5th floor., Songkhla City Hall. ..
The Agricultural Commodity Standards Committee Meeting entitle "Rubber and Products" 1/2020
icon 23  March  2020
The National Bureau of Agricultural Commodity and Food Standards held the Agricultural Commodity Standards Committee Meeting entitle "Rubber and Products" 1/2020 on Monday, 23 March 2020 at 9.30 a. m. at the meeting room 351, 5th floor, 3nd Building, National Bureau of Agricultural Commodity and Fo..
The Meeting to Discuss the Methods to Prepare and Respond to the Effects of COVID-19
icon 20  March  2020
The Rubber Authority of Thailand held the meeting to discuss the methods to prepare and respond to the effects of COVID-19 on Friday, 20 March 2020 at 1.00 p.m. at the Rasda meeting room, the Rubber Authority of Thailand. In this regard, Mr. Vorathep Wongsasutthikul, TRA Vice President and Ms. Piya..
4th TRA Executive Committee Meeting 2020
icon 8  May  2020
Committee Meeting on Supporting and Reducing the Effect for Private Sector
icon 10  April  2020
The Agricultural Commodity Standards Committee Meeting entitle "Rubber and Products" 1/2020
icon 23  March  2020
The Meeting to Discuss the Methods to Prepare and Respond to the Effects of COVID-19
icon 20  March  2020

   News

    All News
Banks will struggle to generate profits even as the global economy recovers, IMF says  new 25  May  2020
Global supply chain renovation  new 25  May  2020
Solid April brightens export view  new 25  May  2020
The trade cure for the global economy  new 25  May  2020
Baht, stability key to recovery  new 22  May  2020
Thai stock market’s valuation vaults to record in pandemic  new 22  May  2020
Interest rate cut to record low 0.5%  new 21  May  2020
April confidence hits in 11-year nadir  new 21  May  2020
2020 online trade set to hit B220bn  new 21  May  2020
European markets close lower as investors monitor coronavirus vaccine progress, economic data  new 20  May  2020
   

 

 

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