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 […]

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 […]