Thailand approves 10 billion baht rubber price guarantee scheme to protect rubber farmers' income

The income guarantee period is from October 2021 to March 2022, and the income distribution ratio is that planters account for 60% of the total income, and rubber tapping workers account for 40%, and each person does not exceed 25 rai
.
The guaranteed income price of high-quality raw film is 60 baht/kg; fresh latex (DRC 100%) is 57 baht/kg; cup glue (DRC 50%) is 23 baht/kg
.
The total budget for the project is 10,065.
68 million baht.
The Ministry of Agriculture and Cooperatives is responsible for sorting out the details of the income security project and submitting it to the Cabinet for approval
.


Zhu Lin pointed out that the income guarantee project for rubber farmers approved by the Natural Rubber Policy Committee has entered its third year and will benefit nearly 2 million households of rubber farmers.
Even if the price of rubber falls in certain periods, rubber farmers can still receive income at the guaranteed price
.
At present, the price of rubber is better, especially for cup rubber, because many years ago, the price of cup rubber or rubber waste was only 10-15 baht/kg, but on September 15, the price of cup rubber has risen to 22-25 baht/kg, Sometimes it will be higher than the guaranteed income of 23 baht/kg
.


  As a result, the price of cup rubber can be said to have risen sharply and remained stable for a long time, which is good for rubber farmers in the South and Northeast and across the country
.
As for fresh latex prices, the slight decline was due to the fact that Malaysia, Thailand's main export market for latex, was affected by the epidemic
.
But it is expected that when Malaysia can solve the epidemic problem, latex prices are likely to rise
.
In addition, employees at a latex glove production plant in Thailand were infected with the new crown virus, which caused production to be unable to run at full capacity, reducing demand for latex and affecting prices
.


  The news from the Natural Rubber Policy Committee pointed out that the meeting agreed to apply for subsidy funds and encourage planting rules, and agreed to extend the implementation period of the production control project from 2015-2021 to 2015-2023, reducing the rubber planting area by 450,000 rai.
, divided into 225,000 rai in 2022 and 225,000 rai in 2023, with a total budget of 7.
2 billion baht
.


  In addition, the meeting also approved the details of the interest compensation project for rubber (dry rubber) operators to purchase rubber from rubber farmers and rubber farmers' institutions.
The credit line is 20 billion baht.
The original purpose of the loan was limited to the purchase of rubber wood, but it is now adjusted to purchase rubber wood and Expansion of production capacity and machine transformation, the implementation date is from August 2021 to December 2022, and the interest will be compensated for one year according to the project, starting from the date of approval, but not exceeding December 31, 2022, the amount of interest compensation is 603 million Thai Baht
.
This budget needs to be applied to the government, and the Ministry of Agriculture and Cooperatives has appointed the Rubber Authority of Thailand to be responsible for setting up committees and working groups to carry out various tasks, and to prepare project details for submission to the Cabinet for approval
.


  At the same time, it also approved the details of the proposal of the 20-year Rubber Strategy Drive Subcommittee to apply for an increase in members, appointed the director of the National Research Office to join the committee, and then submitted the proposal to Prime Minister Prayuth for his signature
.