Don't know how true but wifey just told me cup down to 17bt. While rubber is primarily our food, electric and diesel pin money..still will survive from other sources..really feel empathy for those that rely on rubber to survive. Frickin sad!!
Don't know how true but wifey just told me cup down to 17bt. While rubber is primarily our food, electric and diesel pin money..still will survive from other sources..really feel empathy for those that rely on rubber to survive. Frickin sad!!
That's me unfortunately, we are big enough to live on these prices until the dormant time and then the rains.
Have no outside income {overseas] have a few other little earners, ice tea/coffee bar, som tam stand and 7 computers for games, got the computer game system for free, long story.
Have 7 rai of cassava to harvest when the rubber goes to sleep, that will cover a month, the other things pull in around 3,000 a week, not going to be pretty for March, April and May.
Won't starve, no rent/ mortgage, kids are Thai enough now to eat local stuff, not the end of the world.
Would go back to OZ for a few months during the down time, but no jobs there now.
I would be more worried if I was on a non state pension, as posted before, this is 2008/9 in slow motion. A lot of companies, mining, oil an other commodities are in trouble.
Sun will rise tomorrow, eat drink and be merry, can't change the passed can't dictate the future. Today I had ribs and am drinking beer, kids bought toys at the local market. Tomorrow we will see what happens. Jim
Good luck guys
I read this thread as i was told rubber was a good earner
Sorry to hear you fellas are struggling, hopefully the prices will go to up to where they was when the thread opened
I am working in the Uk and my family are in Isaan i was hoping that rubber would be a good way to retire in 10 years or so
back to the drawing board
Also i was banned off TV for asking questions about what you had to do to become a mod,who do you have to arse lick to,dont miss the forum at all
Jim: Sadly I think that the only thing which would revive world prices for commodities such as rubber or food product would b WW3.
Me.... rather live on bananas, rice,eggs and cassava...and use pedal power.
Rice harvest here and prices dropping at brokers...started at 11000/ton, now 9,000/ton.a BIL used my advice and sold as fast as he harvested and hit the high end. He planted early as well. Next Soi beans, red beans and cassava. Not big money earners, but stable market...by the kilo...3 baht/kilo normal.
Sadly pessimism seems to be the order of the day ,but then again looking at the commodities prices today it would appear that there is precious little room for optimism !
Reality, more likely Piwanoi.Originally Posted by piwanoi
Wouldn't say I'm pessimistic, think things will get better, all this rubber/oil etc price drop, seems more like manipulation than normal market forces.
Noted that Halliburton just paid 35 billion for an oil company, lots of bargains, shares in oil companies falling, some by 20%.
Rubber, tire grade already costs more to produce than you can sell it for, so why produce it to lose money.
GRM [global rubber market] still saying a 3% yearly growth rate for rubber use over the coming 4 years.
If this is a long term situation, think all those fracking, shale, sand oil wells would shut up shop.
Same goes with the big rubber firms, billion dollar companies, losing 10 Baht for every kilo they produce.
No one runs at a loss for long, you shut up shop, if they stop making rubber then no rubber.
No rubber, no tires, no cars, just like in Australia with the mining, unprofitable mines are closing down. Supple drops and prices rise, time line is the question.
Know out my way production of RSS has drop to nothing, unprofitable plantation sit idle.
Will come a point when there will be a realization that the worlds rubber out put has fallen below demand, speculators will move in, prices will rise and the cycle will begin again.
Just got to sit it out, 2009 people were saying the end of rubber, oil was going to be free, 2011 rubber highest price ever, nothing to do with reality, all about market sentiment.
One thing I would never call you Jim is a pessimist , more like the eternal optimist and good for you![]()
Just came back from library and market:
Stocked up on rice,eggs,veggies pork, beer and ciggies and other "necessities"
Seems eggs are down about 5 baht for ten,pork down to 100 bt from 135 bt/kilo.rice down a couple of baht/kilo..diesel down a baht+....what next a 500k Vigo? ..555
Latest NCPO edicts are kicking in. All for the good of the Thai people. Discount shopping in Bangkok.Originally Posted by crepitas
Friday cup was 22 a kilo round my way. Factories deserted.
The problem here being that if you start selling things at below the actual cost, or paying for something more than than you can sell it for , by way of a "sweetener" to the populace, sooner or later it comes to a sickening stop, one only has to look at the rice fiasco here for a classic example ,"artificial" prices in the end always fail , the total disaster called the CAP in Europe proves that beyond any reasonable doubt![]()
^No worries, the NCPO is raising the VAT to 8%...that'll fix everything. More tax increases under this NCPO than the previous 5 governments. What's next?
No, but possibly a rise in the exit tax on foreigners, visa cost increases, already hit alcohol and cigarettes, juices, Sky Train and subway tax increases.Originally Posted by piwanoi
If they were smart which they ain't, they would start an overall annual tax assessment on all properties. They have some forms in effect already but rarely enforced, due to tea money effect.
In rural Thailand survival is the norm. The west on the other hand will become a nightmare once the SHTF. Many pointers to a full economic breakdown, population unrest are appearing.Originally Posted by jamescollister
There are many worst places to live than a Thai village in the mountains.
Actually, many police and military active in these areas at present.Originally Posted by OhOh
Either way not a lot to look forward to for the dirt poor rural Thai is there?
Out my way, locals are starting to hurt badly, they were flying high on money from illegal logging, new cars everywhere.
Logging has died off now, rubber was the other main income, cars, new homes, plenty of jobs, now that's down the toilet.
To make matters worse, the locals used to live off the jungle, hunting and collecting mushrooms, frogs, wild honey etc. With the crack down by the army on the logging came a crack down on hunting and collecting from the national park.
No happy campers out here at the moment and these folk don't like working in the cities. Hard times ahead all round. Jim
Lines at the Army bank are getting longer...loans on land must be at an all time high.
Cash is King!!!
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