ASEAN Rubber Producers Will Cut Exports
ASEAN Rubber Producers Will Cut Exports 4 March 2016, 10:00 SEAST Global rubber prices are expected to recover this year after Vietnam last week agreed to join forces with three other Asean rubber producers to cut exports. Bundit Kerdvongbundit, vice-president of Von Bundit Co, said the International Rubber Consortium last Friday agreed on plans for Thailand, Indonesia and Malaysia to […]
Tocom Surges To 3-Month High
Tocom Surges To 3-Month High 4 March 2016, 17:00 SEAST Natural Rubber (NR) price on Tokyo Commodity Exchange (TOCOM) jumped 11.49% (18.0 yen) from 156.6 yen/kg on 1 March (Tue) to 174.6 yen/kg on 4 March (Fri) 2016. This was the highest price level in 3 months supported by a recovery in […]
Soft-Launching of Regional Rubber Market
SOFT-LAUNCHING OF REGIONAL RUBBER MARKET AT THAI RUBBER ASSOCIATION ANNUAL DINNER 29 APRIL 2016 Thailand, Indonesia and Malaysia under the framework of International Tripartite Rubber Council (ITRC) agreed to establish a Regional Rubber Market (RRM) to provide a platform for Price Discovery. The soft-launch of the RRM was held on 29 April 2016, […]
Uggah Gives Up Federal Minister Post to Improve Sarawak Farmers’ Income
Uggah Gives Up Federal Minister Post to Improve Sarawak Farmers’ Income 14 May 2016, 14:00 SEAST Newly-appointed Sarawak Deputy Chief Minister Datuk Amar Douglas Uggah Embas has said his priority now is to increase the income of farmers in the Borneo state to at least RM4,000 a month by the year 2020. The Betong MP was […]
Nguyen Ngoc Bich to take over as ANRPC Secretary General
The Heaviest Flood in Southern Thailand in 10 Years
Thai Government To Buy Rubber, But Below Price Farmers Want
Thai Government To Buy Rubber, But Below Price Farmers Want 14 January 2016, 07:26 SEAST By Patpicha Tanakasempipat and Pracha Hariraksapitak Thailand’s government said on Thursday it will buy 100,000 tonnes of rubber to help support farmers hurt by a price slump to near seven-year lows, although it set an offer price well […]
Government To Buy Rubber At B45 A Kg
Government To Buy Rubber At B45 A Kg 14 January 2016, 15:52 SEAST The government will buy raw rubber sheets from the current crop directly from planters at 45 baht a kilogramme. Eight ministries agreed to buy 100,000 tonnes of rubbers for use in their existing projects as the government saw it as […]
Thailand Approves $151 Million Budget To Buy Rubber From Farmers
Thailand Approved $151 Million Budget To Buy Rubber From Farmers 19 January 2016, 19:09 SEAST Thailand has allocated the budget to purchase rubber at a premium, in a bid to help farmers hurt by the commodity’s falling price. Government spokesman Maj. Gen. Sunsern Kaewkumnerd said Tuesday the cabinet has approved the allocation of 5.47 billion […]
Positive Effort And Initiatives By Thai Government To Address The Declining Rubber Prices
Positive Effort And Initiatives By Thai Government To Address The Declining Rubber Prices 15 January 2016, 15:00 SEAST IRCo would like to congratulate the Thai Government for taking measures to address the declining rubber prices. The initiatives have slightly reversed the price trend where just within a few days the price reversing from […]