admin@irconaturalrubber.com
26 Dec 2025
Bangkok, 26 December 2025
The Rubber Authority of Thailand (RAOT), represented by Mr. Krissada Sangsing, Director of the Rubber Industry Division, extended its warmest congratulations to Ms. Paphatchaya Yutthacharoenkit on her appointment as the new Chief Executive Officer of the International Rubber Consortium Limited (IRCo). IRCo was established through tripartite cooperation among Thailand, Indonesia, and Malaysia, and Ms. Paphatchaya will serve for the term from 1 December 2025 to 30 November 2027.
This appointment marks a significant milestone in regional cooperation and the global natural rubber industry. It is expected to further strengthen ITRC collaboration as the industry advances toward sustainable growth, enhanced value-added production, and more resilient international supply chains.
Welcome aboard, Ms. Paphatchaya, as the new CEO of IRCo.
The Regional Rubber Market Price (RRMP) in 2025 demonstrated significant volatility, with several notable declines throughout the year. The sharp drop in April was largely driven by new trade tariffs imposed by U.S. President Donald Trump on China and other major economies. Prices later rebounded and reached a peak in late July, likely supported by stronger demand from the automotive and tire manufacturing sectors. Although a modest correction followed in August, data show that prices are more converged with the 14-day moving average toward year-end, indicating an upward trend for next years.
USD Depreciation:
The USD is expected to weaken modestly through 2026, a trend likely to support firmer global natural rubber (NR) prices, particularly with sustained demand from China, India, and the automotive sectors.
Potential Short-Term Demand Boost:
Demand is expected to strengthen, supported by improving global economic conditions and lower U.S. interest rates, with growth mainly driven by tire manufacturers, thereby providing upward support to NR prices.
Expansionary monetary policy:
According to the World Bank, fiscal and monetary conditions are expected to ease in 2026. This shift is anticipated to stimulate demand, reduce price volatility, and contribute to higher NR prices.
EUDR regulations:
EUDR regulations and sustainability initiatives raise costs for natural producers, potentially leading to short-term price increases.
The 40th Meeting of International Tripartite Rubber Council (ITRC)19 – 20 August 2025, Yogyakarta, Indonesia Senior officials responsible for the rubber industry from
Seminar on Malaysia’s Readiness for MSNR Towards EUDR IRCo participated in a seminar entitled “Malaysia’s Readiness for MSNR Towards EUDR” that was organised in conjunction
Malaysian Rubber Exchange Annual Dinner 2024 From left to right: Ms. Flora Susan (Chief Executive Officer of IRCo), Mr. Supadetch Ongsakul (Deputy Secretary General of
The 39th Meeting of International Tripartite Rubber Council (ITRC) 26 – 27 September 2024, Bangkok, Thailand The Senior Officials in-charge of the rubber industry from
International Rubber Consortium Limited (IRCo)
2nd floor, Rubber Research Institute of Thailand,
50 Phaholyothin Road, Ladyao, Chatuchak, Bangkok 10900, Thailand
Chief Executive Officer
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