Thailand will export about 100000 tons of rubber to China!


The director of the Cooperative Promotion Department, Phi Che, said that Minister of Agriculture and Cooperatives Gishada was instructed by the Prime Minister to select 18 cooperatives to export rubber to China, with an export volume of about 100000 tons. The Agricultural Cooperative Bank used the loan of 5 billion baht to purchase rubber and machinery and equipment. Piche said that 18 cooperatives were selected to export 100000 tons of natural rubber to China from December 1 to March 31 next year, including 6 rubber export cooperatives and 12 rubber export-related cooperatives. The products are film and compressed rubber blocks. The rubber will be purchased from 154 rubber cooperatives across the country, with a loan of 5 billion baht from the Agricultural Cooperative Bank for the purchase of rubber and related equipment. The whole work will be completed before the cut-off in April 2019. The whole plan goes a long way towards raising overall rubber prices in Thailand, while avoiding the problem of intermediate agents pressing prices. It will also look for new markets to market Thai rubber.