On July 1, the opening price of the raw rubber market was 55.60 baht per kg, and the opening price of smoked rubber was 56.72 baht per kg. The average auction price of the central rubber market was: the price of raw rubber sheet was 54.24 baht per kg, and the price of smoked rubber was 54.24 baht per kg. The kilo is 54.73 baht. Rubber prices have been affected by the fall in market futures prices, the closure of countries in Asia, the shortage of containers, the fall in crude oil prices, and the high freight costs.

According to Thai media reports on July 4, the Thai Rubber Administration implemented a policy of slowing down rubber sales in order to stabilize rubber prices, pushing agricultural institutions into the commercial sector and improving their competitiveness. The Director of the Bureau Nagong revealed that although the current rubber production on the market has decreased, the production of the rubber industry continues to expand.

The Rubber Authority of Thailand continues to implement various measures, including slowing down the rubber sales volume of the Rubber Farmers Association. The northern region has implemented since 2020 to stabilize rubber prices and slowing down the sales volume of rubber cups (DRC 75%) until completion. , The farmers participating in the project were able to sell the products at a fair price and get an overflow price of 4.5 baht per kilogram. Therefore, this year, the Rubber Authority of Thailand will continue to implement the project and expand to other regions. It is expected that the project will introduce more than 50,000 tons of rubber.

In this regard, the Thai Rubber Administration will provide funds to increase the liquidity of the Rubber Farmers Association. In terms of managing the production of members’ products, 80% of the liquidity of the credit line of the rubber price will be provided by the Thai Rubber Administration 15 days in advance based on the central market average. The price controls the price of rubber and sells it through the Central Rubber Market Office or the online market of the Marketing Department of the Rubber Authority of Thailand. The agricultural institutions participating in the project are interest-free for the first 3 months, and the purchased cup rubber blocks (DRC 75%) will be stored in the farmer institutions and ensure good condition and quality.

This year, Prachinburi Rubber Plantation Fund Co., Ltd. will become a demonstration farmer group in the central and eastern regions to implement the project. It is expected that members of the cooperative will have 200,000 kilograms of rubber cups (DRC 75%) entering the project.

In addition, the Rubber Administration of Thailand will purchase 100% fresh latex juice in the central and southern regions to enter the rubber sales project.