Post by account_disabled on Jan 2, 2024 23:09:44 GMT -5
Chinese capital pursues take over Thai factory, rubber hits "3 kg. 100 baht" It has become a hot topic this week. The price of local raw rubber sheets fell out of the range of 40 baht/kg to 37.90 baht/kg (as of August 5, 2019), affecting the rubber auction price at the Songkhla rubber market. It appeared that the price of raw rubber sheets was at 39.50 baht/kg and the price of smoked rubber sheets, class 3, was at 41.50 baht/kg, compared to the price of para rubber in the same period last year (August 2018).
Local raw rubber sheet B2B Email List prices- Fresh latex at the factory is on average around 41 baht/kg, while the auction price at the central rubber market for raw rubber sheets is 42 baht/kg and third-class smoked rubber sheets is around 44 baht. The above rubber price is not the best price in the past several years. But this price is likely to send a bad signal for Thailand's rubber industry in the near future. The price of rubber has fallen. Mr. Uthai Sonsakul The president of the Rubber Network Council and the Rubber Farmers Institute of Thailand (SYT) said that during this period, rubber farmers in some areas can sell rubber at a price of 3 kg. 99 baht or up to 3 kg. 100 baht, especially in the northeastern region.
The price of rubber plummeted heavily. The key factor that causes rubber prices to continually fall is because there is competition to export at prices that are "lower" than production costs. Until affecting rubber farmers and rubber processing factories, there was a lack of liquidity. Meanwhile, banks themselves have slowed down lending because “Banks have to hedge their risks,” causing some rubber industry factories to slow down production. And some places had to close themselves down. Or if they don't close themselves, they have to find foreign investors to support them financially. There has been a change in shareholders. Some factories are even taken over and hire Thai people to be rubber processors at a price of 5 baht/kg.
Local raw rubber sheet B2B Email List prices- Fresh latex at the factory is on average around 41 baht/kg, while the auction price at the central rubber market for raw rubber sheets is 42 baht/kg and third-class smoked rubber sheets is around 44 baht. The above rubber price is not the best price in the past several years. But this price is likely to send a bad signal for Thailand's rubber industry in the near future. The price of rubber has fallen. Mr. Uthai Sonsakul The president of the Rubber Network Council and the Rubber Farmers Institute of Thailand (SYT) said that during this period, rubber farmers in some areas can sell rubber at a price of 3 kg. 99 baht or up to 3 kg. 100 baht, especially in the northeastern region.
The price of rubber plummeted heavily. The key factor that causes rubber prices to continually fall is because there is competition to export at prices that are "lower" than production costs. Until affecting rubber farmers and rubber processing factories, there was a lack of liquidity. Meanwhile, banks themselves have slowed down lending because “Banks have to hedge their risks,” causing some rubber industry factories to slow down production. And some places had to close themselves down. Or if they don't close themselves, they have to find foreign investors to support them financially. There has been a change in shareholders. Some factories are even taken over and hire Thai people to be rubber processors at a price of 5 baht/kg.