Thailand to cut rubber plantation area to boost rubber exports


According to Thai news on December 4, Thai government spokeswoman Rachada Dhnadirek said on Wednesday that the Thai cabinet has approved a 20-year plan under which the country will reduce plantation by 21% during the period to increase More than twice.

is the world’s largest producer and exporter of . The country’s rubber accounts for about 40% of the world’s total, but Thai rubber farmers have curtailed the low of rubber caused by falling demand in recent years.

Rachada Dhnadirek said that in the future to increase , the Thai government has specified a plan for rubber target prices to 2036.

These goals include reducing domestic rubber tree plantation areas by 21% by 2036, from 23.3 million rai (3.73 million hectares) to 18.4 million rai in 2016; and exporting natural rubber and rubber products from 250 billion baht (82.8 US $ billion) to 800 billion baht (US $ 26.50 billion).

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The Thai government also hopes to increase the average income per rubber plantation by 65% ​​and increase the rubber yield per rai by 60% within the above 20 years. At the same time, it will increase the domestic rubber consumption to 35%, which is currently about 13.6%.

The Thai government has taken steps to promote a few months ago. The country has not cut its since May for four months to the end of September, as part of the country’s plan to boost international rubber prices.

Thai Commerce Minister Jurin Laksanawisit said last week that the country has recently signed a rubber export agreement worth 34 billion baht ($ 1.13 billion). He also said that the country also signed an export agreement for 140,000 tons of rubber products at a three-day rubber export exhibition last week worth 8.07 billion baht.

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