Thailand has asked China to buy 200,000 tonnes of its rubber at a price higher than the current market price and it is being considered by China. The move is to encourage a price hike in the future and also help Thai farmers, said Thailand’s Commerce Ministry. The latest development came after a mission of Thai officials to Kunming, China, for the second bilateral meeting on agricultural products cooperation…Full Article: Bernama May 2015

Key Points

  • In July 2015, Thailand and China will reportedly finalize a purchase agreement on rice and rubber in Nakhon Ratchasima, Thailand.
  • In June 2015, China’s SinoChem (state-owned) will travel to Thailand to negotiate the rubber contract.

ChinaAg Comments

  • In April 2015, China reportedly agreed to purchase/import 200,000 MTs of rubber from Thailand.
  • Chinese imports of natural rubber steadily increased from 2006 to 2011, with Thailand, Malaysia, Indonesia, Vietnam, and Myanmar as China’s top suppliers. Import volumes surpassed 2 million MTs in 2011 after being relatively stable at 1.6 million to 1.8 million MTs from 2006 to 2010.

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