Courtesy Call on Mr. Nakorn Tangavirapat, Governor of Rubber Authority of Thailand (RAOT)
On 14 October 2021, the Chief Executive Officer (CEO) of the International Rubber Consortium Limited (IRCo), paid a courtesy call on the Governor of Rubber Authority of Thailand (RAOT) at RAOT’s headquarters. Other than formally introducing Dr. Amir Hashim who recently commenced his 2-year term as IRCo CEO, both parties took the opportunity to discuss […]
Message of Appreciation for Mr. Picheat Prommoon as the CEO of IRCo from 1 September 2019 – 31 August 2021
The office of IRCo would like to take this opportunity to express our deepest appreciation to Mr. Picheat Prommoon for his leadership during his 2-year tenure as the Chief Executive Officer (CEO) of IRCo from 1 September 2019 – 31 August 2021. His leadership, advice and continuous guidance had ensured a smooth operation of IRCo […]
China Car Sales in Q1 2021 Rebounded to its Pre-Coronavirus Levels
The vehicle industry is an important industry as it is linked to many other components industries such as metals, electronic parts, and tyres. This directly concerns the demand side of the rubber industry because around 70% of natural rubber consumption comes from the automobile industry (IRSG, 2020). Therefore, we could say that the vehicle industry […]
Weather Patterns in Thailand, Indonesia, and Malaysia (TIM)
La Nina Weather Forecast in TIM With reference to various meteorological sources, natural rubber production areas in Southern Thailand, Indonesia and Malaysia are expected to experience the La Nina phenomenon between April and to June 2021. According to Reuters and NOAA, high rainfall and wetter-than-average rainfall conditions are expected to continue until August 2021. Due […]
Heavy Flood in Main Rubber Plantation Areas in Southern Thailand
Four Southern provinces of Thailand have been experiencing severe flooding due to heavy rains. The major provinces are Nakhon Si Thammarat, Narathiwat, Phattalung, Songkhla and nearby areas, covering around 0.8 million hectares of natural rubber (NR) plantation. Heavy flood has been disrupting tapping activities in those provinces as the rubber farmers couldn’t tap rubber trees […]
Severe and Critical Situation of Rubber Plantations in Thailand affected by New Leave Fall Disease
Official reports from actual fields, related videos and photos has shown a critical situation of rubber plantations in Phang-Nga province which would affect production severely. The plantations, located in the South-western part of Thailand is within the main and crowded Natural Rubber production area, have been infected by a relatively new leave fall disease. Impacted […]
Media Release by the International Tripartite Rubber Council (ITRC) on 23 September 2020
MEDIA RELEASE THE INTERNATIONAL TRIPARTITE RUBBER COUNCIL (ITRC) 23 SEPTEMBER 2020 1. The Senior Officials in-charge of the rubber industry from Thailand, Indonesia and Malaysia (TIM) met at the 34th ITRC Meeting on 22 – 23 September 2020. The meeting deliberated in details on the current global natural rubber (NR) market situation as well as […]
The Caixin/Markit manufacturing Purchasing Manager’s Index (PMI), for April 2020 was 49.4
The Caixin/Markit manufacturing Purchasing Manager’s Index (PMI) for China’s factory activities in April 2020 was 49.4. from 50.1 in the previous month. Meanwhile, China’s National Bureau of Statistics said manufacturing activity in the country expanded slightly, reporting official manufacturing PMI of 50.8 for the month of April, as compared to 52.0 in March. Source: CNBCFull Content: https://www.cnbc.com/2020/04/30/china-reports-official-april-manufacturing-data-as-coronavirus-lockdowns-ease.html?fbclid=IwAR3VdcU0LAxyDnLEMFPZYBJ_kaMzLCfKljIGsvKBe4l2UIoVa1ESPVnsnoU
Global economy in 2020 on track for sharpest downturn since 1930s: IMF
The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the 1930s, the International Monetary Fund said on Tuesday. The IMF, in its 2020 World Economic Outlook, predicted a partial rebound in 2021, with the world […]
FED makes largest emergency cut to interest rates since the financial crisis
The Federal Reserve took the emergency step of cutting the benchmark U.S. interest rate by half a percentage point, an attempt to limit the economic and financial fallout from the coronavirus. The Fed’s action reduced the U.S. interest rate to just below 1.25 percent, down from about 1.75 percent. Fed leaders voted unanimously in favor […]