State ups efforts to protect 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.

According to deputy government spokeswoman Patdarasm Thongsaluaykorn, the Rubber Authority of Thailand (RAOT) is also encouraging farmers to use standardised rubber-coagulating agents and avoid inappropriate chemicals or adulterants that could affect product quality and undermine buyer confidence.

The authority is monitoring rubber demand, the volume of production entering the market and developments in global markets.

These initiatives form part of the government's sustainability policy, which aims to improve the efficiency of the rubber industry in terms of production, quality and market mechanisms. The goal is to help Thai farmers benefit from market

opportunities and secure more stable incomes.

According to Ms Patdarasm, natural rubber prices have reached their highest level in a decade, driven by a decline in global supply. Prices are expected to remain elevated in the fourth quarter, with further increases at certain times, based on RAOT forecasts.