Thailand encourages the export of natural rubber to boost farmers’ incomes, according to Thailand’s commerce minister on Wednesday, after ending a four-month export ban a few weeks ago.
After negotiation, Thailand will export 260480 tons of rubber to two private buyers in mainland China and Hong Kong, said jurin laksanawisit, Thailand’s commerce minister. Including 160480 tons of 20 standard glue (str20) and 100000 tons of tobacco film (RSS3). The value of the above agreements is not less than THB 13 billion (US $428 million).
The minister also said that Thailand had recently exported 100000 tons of rubber worth 7.5 billion baht to India. He would also visit Turkey and Germany to sign more export agreements.
As part of a plan by the world’s major rubber exporters to boost international rubber prices, Thailand cut its natural rubber exports in the four months from the end of May to the end of September this year.
The trilateral rubber Committee (ITRC), composed of Thailand, Malaysia and Indonesia, agreed in March to jointly cut the export volume of Tianjiao by about 240000 tons.
ITRC said last week that the three countries eventually cut exports by 441648 tons.
|Azodicarbonamide (AC foaming Agent)|
According to ITRC report, in the first half of 2019, the total rubber exports of Thailand, Malaysia and Indonesia decreased by 10.6% compared with the same period last year, which was partly due to the decrease in supply.
A fungal disease called Pestalotiopsis broke out in rubber plantations in Thailand, Indonesia and Malaysia during the peak cutting season in October December, causing leaves to turn yellow.
The fungus first broke out in Indonesia and Malaysia, and then spread to Thailand. It has a serious impact on the rubber trees in the main rubber producing countries.
Under the threat of the disease, rubber production in the affected areas may be halved. At present, more than 450000 hectares of rubber plantations in the three countries are reported to have found the disease.
|ferric sulfate (Poly ferric sulphate)|