the cost has declined by 64 per cent since its peak in 2011. Thailand is the world’s top producer of rubber.
The local market price in Thailand is around 40-48 Thai Baht per kilo for rubber latex. rubber prices in Thailand have been gradually falling over the past three years due to rising production rates.
“Adding to this, the Thai baht is at its weakest level since the economic collapse in 2011, which is also keeping the rubber prices low,” “However, prices may see an increase in the short term as output has recently slowed due to many rubber farmers participating in anti-government protests in Bangkok.”