The International Rubber Consortium Limited (IRCo) said that it congratulates the Thai government in its efforts to cope with the continuing decline of rubber prices. IRCo is a subsidiary of the International Tripartite Rubber Council.
IRCo said that the initiatives have slightly reversed the price trend where just within a few days the price reversing from Baht 41.70/kg for RSS3 at the Songkhla Central Rubber Market on 12 January 2016 to Baht 44.70/kg on 14 January 2016.
In the Thai government’s Rubberized Road Project, relevant ministries will utilize 10,000 tonnes rubber for highways and 10,000 tonnes for state roads and the projects to be implemented immediately in 2016. Indonesia and Malaysia which are the other two members of the ITRC are invited to seriously consider similar implementation to support Thailand initiatives.
Rubber Authority of Thailand (RAOT) organized a two-day workshop to highlight the technologies, specifications and procedures to accelerate acceptance of the technologies among the natural rubber producing countries.
From January 19 to 22 2016, IRCo will be having meetings to detail out the action plans to be taken based on the Ministers decisions last December in Jakarta, Indonesia.