Thai rubber exports bouncing back
ERJ staff report (BC)
Bangkok - The Thai Rubber Association (TRA) expects the country's rubber exports to remain on the rise in 2013, with growth estimated at around 3-5% boosted by higher demand from emerging markets including China, India and Brazil, reports Phusadee Arunmas of the Bangkok Post.
According to Luckchai Kittipol, TRA honorary president, the industry was expected to end 2012's shipments at not more than 3 million tonnes, slightly more than the 2.99 million tonnes in 2011.
Export value, however, was estimated at 250 billion baht (Euro 6.24bn) in 2012, compared with 300 billion baht (Euro 7.49bn) in 2011.
That sharp decrease was partially attributed to a price drop as growth slowed in China, the top consumer, and Europe.
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