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Home News Thai rubber exports decline (March 11, 2009)     Language:
 
Thai rubber exports decline (March 11, 2009)

Causes decreased mainly in water supply is declining due to limited production planned from the beginning of the year and the rains had interrupted harvesting rubber. Rubber production in Thailand in 2009 is expected to reach only 3.07 million tons, down 0.5% compared with 2008.

In addition, exports of rubber in Thailand decline in rubber prices also do not recommend increasing the customers buy large lots and most traders are waiting to move in the market, waiting for prices to drop buy into. On October 22, 2009, price RSS3 rubber - rubber export price is used as reference for all physical rubber market, reaching about 2.50 USD / kg, up 127% compared to the lowest level of 7 years is 1.1 per kg in December 2008 to April, when the three countries agreed to cut export plan.

 
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