Government committed to supporting rubber prices
Despite rising rubber prices, the government remains committed to managing production volumes, strengthening market systems and maintaining the quality standards of Thai rubber to ensure its long-term competitiveness and ability to meet global demand.
The Thai government is dedicated to supporting the rubber industry by managing production, quality, and market systems. Deputy government spokeswoman Patdarasm Thongsaluaykorn stated that the Rubber Authority of Thailand (RAOT) is encouraging farmers to use standardized coagulating agents and avoid adulterants that could impact product quality.
The RAOT is monitoring demand, production volume, and global market trends. Thai rubber prices have reached their highest level in a decade due to a global supply shortage. The government aims to help farmers benefit from market opportunities and secure stable incomes. The Ministry of Agriculture and Cooperatives is working with RAOT to implement measures such as production volume management, market stabilization, and preventing unauthorised rubber from entering the market.
The Smart CESS system, incorporating GPS technology, will be introduced in fiscal 2027 to track rubber transport and verify export levies, ensuring transparency and preventing illicit activities.
Written by urgent.news from Bangkok Post Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
