Natural rubber is a plant of economic importance of Thailand, involving over 6 million people from various sectors: farmers, entrepreneurs, labourers and government agencies. In 2012, Thailand produced 3.78 million tonnes of natural rubber. The value of the overall export of rubber and rubberwood is 647,906 million baht, of which 327,275 million baht is from 3.12 million tonnes of primary processed rubber and compound rubber, 259,832 million baht from ru...
As everyone may have known, Thailand has been the world’s largest producer and exporter of natural rubber since 1991. In contrast, domestic consumption in the country is low, compared to production quantity as Thai rubber industry is agricultural-based, concentrating on exporting primary processing products to other countries for industrial purpose. Consequently, Thailand encounters a problem of price volatility and instability, affecting the livelihood...
Thailand is one the world’s most important rubber production bases. Currently, Thailand covers the natural rubber plantation area of 18.7 million rai (2.992 million hectares), of which mature area is 13.81 million rai (2.2096 million hectares). In 2013, the annual rubber output is expected to reach 3.86 million tonnes, of which 13% is domestically consumed, 83% is exported in the form of primary processing products, generating income of over 600 ...
Global rubber trade lies in two categories i.e. futures markets, Tokyo Commodity Exchange, Singapore Commodity Exchange, Agricultural Futures Exchange of Thailand for example and direct trade in physical markets.
In futures market, both actual physical delivery and cash settlement are practiced. But mostly, cash settlement is preferred as to speculate for difference of prices at different time.
The Thai Rubber Association (TRA) is a private entity whose major role is to cooperate with rubber related public and private sectors as well as rubber growers locally and internationally. TRA is one of the Management Committee members of the International Rubber Association (IRA) which is globally recognized in international rubber trade community. Currently, IRA consists of 24 producing and consuming members from 8 countries. Its objective is to formulate rubber trade practices,...
