By Anant Thawatchaipracha
Thailand plan to boost its domestic consumption of natural rubber by 46% from the current 397,000 tonnes per year to 580,000 tonnes per year by 2013, Mr. Somchai Charnnarongkul, the Director General of the Department of Agriculture said last week.
The annual export value of rubber products is then expected to rise to Baht 230 billion in that year from the current level of Baht 150 billion.
This is one of the eight strategies under the 2009-2013 master plan for the rubber industry of Thailand, approved by the Cabinet on 4 May, where the Ministry of Agriculture was tasked to promote research on natural rubber, improve output, increase the level of value added and stabilize prices
Under this strategy, the plan in the short term is to reduce the export of natural rubber and increase the raw material consumption domestically, to increase the level of value added. New markets for rubber products will also be sought.
The plan also targeted to increase the average plantation yield by about 10% in 2013, from the current level of 1,737 kilogrammes per hectare per year to 1,912 kilogrammes per hectare per year. This would allow the farmers to earn at least Baht 94,000 per hectare per year.
(Irco.biz)
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