Iran is one of the most interesting export destinations with high potential for expansion of Thai natural rubber and related product industry. Iran has a total population of around 80 million. It has a rich abundance of natural resources. Iran shares the border with Kazakhstan, Uzbekistan, Azerbaijan and CIS countries with a total population of hundred millions, making Iran a center of distribution of goods to neighboring countries. Key Thai export goods to Iran comprise of rice, TV, air cond...
It is expected that rubber scenario in 2015 is still in low gear amid the slowing global economy caused by low global inflation rate and crude oil price, which has declined from 115 $/barrel in June 2014 to 79.6 $/barrel in November 2014, or 30% down, resulting in the decline of energy price, which accounts for 10-15% of inflation rate calculation. With weak demand of other commodities mainly caused by weak demand from China, the largest consumer, global inflation rate was furthe...
Established in 1951, the Thai Rubber Association (TRA) has been in the operation for 63 years, currently comprising of 57 member companies. As a not-for-profit entity, TRA’s administration is based on the principle of transparency and good governance, aiming at protecting and striving for interests of the member and rubber trade sector as a whole. TRA plays a significant role in cooperating with both public and private...
The ASEAN Rubber Business Council, formerly known as the ASEAN Rubber Business Club was founded on 23 October 1992 in Jakarta, Indonesia under the sponsorship of four natural rubber producing and trading nations in the ASEAN region, namely Rubber Association of Indonesia (GAPKINDO); the Malaysian Rubber Exchange (MRE); the Rubber Trade Association of Singapore (RTAS); and the Thai Rubber Association (TRA) in order to exchange market information, to consult an...
Rubber price volatility in the world market is subject to market mechanism such as demand - supply and global economy. Rubber price has steadily continued its decline since October 2011, affecting all sectors involved, especially farmers of over one million families, accounting for over 6 million people, including entrepreneurs. The falling rubber price is expected to have been caused by concerns over the impact of the debt crisis in Europe, Chinese restriction of economic growth...
