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Contact: Zhang Wen
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Thailand rubber Bureau (RAOT) predicted that in 2017 the export of rubber will grow, rubber prices tend to rise, mainly due to the Ministry of agriculture and the Ministry of cooperatives to reduce rubber acreage policy support.
Director of Thailand rubber tirad said on 26, Chinese Thailand is an important trading partner, China planning on 13th Five-Year to encourage medical business development, through The Belt and Road (OneBeltOneRoad) to strengthen the Asia and other regional connectivity, increased cooperation with the neighboring countries to jointly promote economic growth, to help stimulate the growth of Thailand rubber industry, rubber exports forecast in 2017 this year will be slightly higher than. At the same time, Trump took over as president of the United States, the first year of 2017 is expected to actively promote economic growth in the United States, enabling the global economic recovery.
Rubber Bureau predicted that in 2017 the rubber production of about 700 thousand tons, equivalent to about 5 of global production. 7%, the current domestic film price per kg of 69. 86 baht, higher than the November average price per kilogram of 11. 7 baht, the reason is agricultural ministry continues to reduce rubber planting area policy, each year for seventh consecutive years to reduce the 40 WANLAI planting area, the amount listed in line with the market demand for rubber. At the same time, Thailand, Malaysia and Indonesia jointly control the annual export volume in 61. 50 thousand metric tons, the export volume and global demand balance.
Ministry of Commerce statistics show that the cumulative total of the first 11 months of this year, the total value of rubber exports was $39. 4 billion 100 million U.S. dollars, down by 15. 91%. The first three rubber export market in China is about 18. 1 billion 200 million U.S. dollars, down by 21. 35%; Malaysia value 5. 2 billion 500 million U.S. dollars, down by 11. 06%; and about 2 in Japan. 8 billion 400 million U.S. dollars, down by 20. 3%.