Connect with us

Business

Thailand cuts rubber exports in a four month moratorium

Published

 on 

Thaiger deals Thaiger deals

Thailand is cutting rubber exports by 126,000 tonnes next week for a four month moratorium. This is a delay in implementing the supply cut agreement with two other regional producers, according to the Rubber Authority of Thailand.

Originally it was agreed that Thailand, Malaysia and Indonesia would cut exports back on April 1, a date agreed by the International Tripartite Rubber Council. Those three countries account for about 70% of the globe’s natural rubber production and made the decision to cutback exports by a total of 240,000 metric tonnes to prop-off the dwindling prices.

Reuters reports that the world’s biggest rubber exporter, Thailand, delayed the measure because of the March 24 election, and will now cut exports between May 20 and Sept 19.

“Thailand will proceed as agreed by the three countries, and will assess results every month,” according to the acting governor of the authority, Yium Tavarolit.

“If prices don’t move, then we have to review the measure.” he told Reuters.

Besides curbing exports, the ITRC is aiming to significantly increase domestic demand and use of rubber in the three countries through developments like rubberised roads.

Rubberised asphalt concrete (RAC), also known as asphalt rubber or just rubberised asphalt, is noise reducing pavement material that consists of regular asphalt concrete mixed with crumb rubber made from recycled tires. … Since then it has garnered interest for its ability to reduce road noise – Wikipedia

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

If you have story ideas, a restaurant to review, an event to cover or an issue to discuss, contact The Thaiger editorial staff.

Follow Thaiger by email:

Video13 mins ago

HISTORY OF THAI LOTTERY

Transport26 mins ago

Disruptive Phuket-bound passenger thrown off flight in Karachi

Tourism1 hour ago

Air Canada’s Vancouver-Bangkok flight touches down Thailand

Sponsored1 day ago

Marketing in Thailand as a Foreigner: Volume #3 The Marketing Noises

Bangkok Travel16 hours ago

Ari All Link is a must-attend skill-up workshop for Ari people

Cannabis News19 hours ago

Anutin responds to photo of cannabis smoking kids on Pattaya Beach

Education19 hours ago

Thai student allegedly raped by Hyderabad U professor

Join the conversation on the Thaiger Talk forums today!
Tourism20 hours ago

Phuket welcomes 6,730 flights in December

Tourism21 hours ago

Thailand tourism predicted at 80% of pre-Covid in 2023

Transport22 hours ago

Bangkok airport expansion prepares for bidding war

Crime23 hours ago

Child Protection Foundation leader faces child labour charges

Road deaths23 hours ago

Red-Bull hit-and-run prosecutor dismissed

Transport24 hours ago

Phuket flight cancellation due to earlier cancelled flight, runway maintenance

Election24 hours ago

Pheu Thai Party under fire as Tuhao-Shinawatra connection exposed

Video1 day ago

THAIGER PODCAST | Ep.14 Saving Thai cats one paw at a time

Tourism1 day ago

Bullets-in-bag Israeli given 18 months in Thailand

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending