Thailand to be the next six months to cut rubber production 50%
The world's largest rubber producers - Thailand's Ministry of Agriculture Monday said that in order to protect the price of rubber, Thailand from October 2008 start of the next 6 months, the reduction of 700,000 tons of rubber production.
Thailand Ministry of Agriculture in charge of rubber Saenkaew Affairs Minister, said Thailand planned from October 2008 to March 2009 period to cut 50% of rubber production and encourage farmers to reduce the tapping. It is understood that 50% of the production plan is to Thailand from October 2007 to March 2008 during the production of 1,400,000 tons on the basis of the decision. The output is equivalent to the size of Thailand in 2008, about 3,100,000 tons forecast production of around 23%. Thailand's rubber production in 2007 to 3,000,000 tons.
Saenkaew said that the Thai government's goal is to reduce the 25-year-old more than a year old trees covering an area of 64,000 hectares at present to 32,000 ha per year. The Thai government to encourage farmers planting new trees and tree felling.
Saenkaew said that as a reduction in the supply of rubber part of the plan, from October 2008 to March 2009, Thailand will also reduce the domestic spot rubber trading center of the trading day. Day trading is expected to reduce the 2-3 days a week, in response to the drop in supply.
At present, the international benchmark --- Thai RSS3 rubber spot rubber prices Monday reported that 1.85 U.S. dollars per kilogram, while in July this year, the price had hit 56-year record high of 3.25 U.S. dollars. In the face of the global financial crisis, Thailand, Malaysia, Indonesia and rubber big powers are under attack, and cautious consumer sentiment.
The world's largest rubber producers - Thailand's Ministry of Agriculture Monday said that in order to protect the price of rubber, Thailand from October 2008 start of the next 6 months, the reduction of 700,000 tons of rubber production.
Thailand Ministry of Agriculture in charge of rubber Saenkaew Affairs Minister, said Thailand planned from October 2008 to March 2009 period to cut 50% of rubber production and encourage farmers to reduce the tapping. It is understood that 50% of the production plan is to Thailand from October 2007 to March 2008 during the production of 1,400,000 tons on the basis of the decision. The output is equivalent to the size of Thailand in 2008, about 3,100,000 tons forecast production of around 23%. Thailand's rubber production in 2007 to 3,000,000 tons.
Saenkaew said that the Thai government's goal is to reduce the 25-year-old more than a year old trees covering an area of 64,000 hectares at present to 32,000 ha per year. The Thai government to encourage farmers planting new trees and tree felling.
Saenkaew said that as a reduction in the supply of rubber part of the plan, from October 2008 to March 2009, Thailand will also reduce the domestic spot rubber trading center of the trading day. Day trading is expected to reduce the 2-3 days a week, in response to the drop in supply.
At present, the international benchmark --- Thai RSS3 rubber spot rubber prices Monday reported that 1.85 U.S. dollars per kilogram, while in July this year, the price had hit 56-year record high of 3.25 U.S. dollars. In the face of the global financial crisis, Thailand, Malaysia, Indonesia and rubber big powers are under attack, and cautious consumer sentiment.
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