Quote Originally Posted by Neverna View Post
I'm sure I read somewhere last week that 70 baht was precited for Thai rubber by the end of the year.

Yes, here it is.



Rubber prices become stable and may rise over 70 baht this year - Thai PBS English News

Rubber prices become stable and may rise over 70 baht this year

August 30, 2017

Rubber prices were expected to be more stable this year after Thailand has created a fund to stabilise rubber prices a month ago.

Rubber Authority of Thailand governor Titus Suksaard said rubber prices have stabilised after the creation of the fund with five major rubber exporters.

He said the fund has an initial 1.2 billion baht capital to buy rubber in the market and in rubber futures.

The buying since July has pushed up prices of Grade 3 smoked rubber sheets from 49 baht to 58-60 baht per kilogram.

Although the prices are not high but it indicated stable price increase, he said.

For rubber latex, he said the price is at 52 baht a kilogram.

But he was certain that rubber latex will become another benchmark price of rubber in the market as the rubber authority is planning to extend over 10 billion baht credits to manufacturers to buy rubber latex directly from farmers to produce rubber beddings.

He expected that over 100,000 tons of rubber latex would be absorbed from the market, thus pushing rubber prices to rise over 70 baht per kilogram this year.
70 baht per kg is a sheet price. Liquid latex is another price. Cup, which is what we sell and the prices I regularly quote is another price.
Sheet selling at 70 baht is still a shitty price (cup would be around 35-40 baht per kg), but it's better than rock bottom a couple of years ago.