Thailand rubber production association decided to 1,400,000 tons in order to enhance Jiaojia

It is learned that the rubber price is too low to alleviate the current situation, Thailand rubber tapping Association recently decided to stop for 6 months, reducing the output of 1,400,000 tons in order to raise prices of rubber.

The association said that the decision was made on the basis of market supply and demand in the market, I believe that we can effectively promote the rubber market supply and demand balance. As of October 17, the domestic price of Thai rubber 49.09 baht / kg, raw film only 45.4 baht / kg, lower than 52 baht / kg of the cost of cultivation.