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26 Aug 2022


Net income of rubber growers projected to reach roughly THB107.81 billion in 2022, down 4.9% YoY, pressured by higher costs of cultivation (Current Issue No.3339)


     The overall income of Thai rubber growers may remain favorable at around THB261-271 billion in 2022, an increase of 2.8-6.6 percent YoY, supported primarily by prices. The average price of rubber sheet grade 3 may stand at approximately THB54-56/kg, driven by demand from the auto-tire and medical glove industries. Meanwhile, rubber supply is projected to remain unchanged from that reported for 2021 at around 4.84 million tons because of favorable climate conditions despite risks stemming from high fertilizer prices and the leaf fall disease that is expected to worsen.    
    Although the 2022 income of rubber growers may improve from that recorded in 2021, the rising costs of cultivation, including labor, chemical fertilizers and pesticides, may pressure their net income (including the guaranteed income) to decline by 4.9 percent YoY to roughly THB107.81 billion amid soaring inflation and fragile household purchasing power that continue to pressure the livelihood of rubber farmers.