admin@irconaturalrubber.com
31 Mar 2026
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.
From the beginning of 2026, IRCo has been participating in and organising a series of meetings, events, and activities with the Member Countries of the International Tripartite Rubber Council (ITRC)—namely Thailand, Indonesia, and Malaysia—as well as with key rubber associations and agencies within the rubber industries of these Member Countries. These events aim to support the advancement of the natural rubber (NR) industry and promote sustainability across the entire value chain.
Through its Innovative, Responsive, Collaborative, and Service-Oriented initiatives, IRCo continues to contribute to the objectives of the ITRC: achieving remunerative prices and ensuring a sustainable supply and demand balance for NR.
The main activities implemented by IRCo in 2026 are summarised as follows:
Providing secretariat services to Member Countries for ITRC- and IRCo-related meetings, including Senior Officials’ Meetings and Committee Meetings.
Preparing meetings, including drafting and finalising relevant documents.
Disseminating rubber price information, market analyses, and related articles.
Communicating with rubber associations and organisations on domestic and international events related to the rubber industry and the sustainability of natural rubber.
IRCo participated in the RTAS Annual Dinner 2026, which aimed to foster closer networking and collaboration among key stakeholders in the regional rubber industry. The
The Rubber Summit Singapore 2026, themed “Natural Rubber in an Era of Uncertainty: Navigating Risks, Building Resilience,” was organised by the Singapore Exchange (SGX) in
Ms. Paphatchaya Yutthacharoenkit, Chief Executive Officer of the International Rubber Consortium (IRCo), paid a courtesy visit to the Ministry of Agriculture and Cooperatives (MoAC). She
16 February 2026 Ms. Papatchaya Yutthacharoenkit, Chief Executive Officer (CEO) of the International Rubber Consortium Limited (IRCo), paid a courtesy visit to introduce herself upon
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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