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According to Thailand’s World Daily News, the rubber export industry recently revealed that the trend of rubber exports in 2021 has been greatly improved.
The latest data from the Ministry of Commerce show that in March rubber exports were 349,000 tons, an increase of 65.
5%, and valued at US$587 million, an increase of 109.
2%.
In the first quarter, rubber exports amounted to 870,000 tons, an increase of 10.
7%, and were valued at US$1.
44 billion, an increase of 38.
1%
.
Especially in the Chinese market, demand ranks first, accounting for 32% of the export share, and the demand for rubber has increased by 17%
.
Followed by markets in Malaysia, Japan and the United States, demand has all increased
.
Demand in the Indian market has increased by as much as 127%, and rubber products have also increased by 32.
5%
.
After the Thai Rubber Bureau cleared the stock of rubber, the rubber export price rebounded again to 70 baht/kg.
The Director of the Thai Rubber Bureau Nakorn pointed out that the price of rubber in Thailand this year is very stable and continues to adjust for the better.
The main factor is due to bad weather.
, The amount of rubber entering the market has decreased, and the demand for companies has increased in order to deliver and expand productivity
.
Another important factor is that this year's epidemic in China has been brought under control, economic activities have returned to normal, and automobile production and sales have continued to grow
.
In addition, the Fed has not adjusted interest rates and eased entrepreneurs’ concerns about investment, which have contributed to the increase in rubber prices in Thailand
.
The latest data from the Ministry of Commerce show that in March rubber exports were 349,000 tons, an increase of 65.
5%, and valued at US$587 million, an increase of 109.
2%.
In the first quarter, rubber exports amounted to 870,000 tons, an increase of 10.
7%, and were valued at US$1.
44 billion, an increase of 38.
1%
.
Especially in the Chinese market, demand ranks first, accounting for 32% of the export share, and the demand for rubber has increased by 17%
.
Followed by markets in Malaysia, Japan and the United States, demand has all increased
.
Demand in the Indian market has increased by as much as 127%, and rubber products have also increased by 32.
5%
.
After the Thai Rubber Bureau cleared the stock of rubber, the rubber export price rebounded again to 70 baht/kg.
The Director of the Thai Rubber Bureau Nakorn pointed out that the price of rubber in Thailand this year is very stable and continues to adjust for the better.
The main factor is due to bad weather.
, The amount of rubber entering the market has decreased, and the demand for companies has increased in order to deliver and expand productivity
.
Another important factor is that this year's epidemic in China has been brought under control, economic activities have returned to normal, and automobile production and sales have continued to grow
.
In addition, the Fed has not adjusted interest rates and eased entrepreneurs’ concerns about investment, which have contributed to the increase in rubber prices in Thailand
.
