RAOT Kick off Auction for EUDR rubber has been opened at 94 baht per kilogram, higher than the general price of 74 baht. Every Thursday.

Mr. Nakorn Trarakwirapat, Governor of the Rubber Authority of Thailand He revealed that the RAOT has given priority to the development of production management processes and the development of traceability systems to support the EUDR regulations of the European Union. Tees open rubber auctions that can trace back the source of output in accordance with EUDR rules.

There are buyers who want to participate in the rubber auction. EUDR caused the price of Class 3 smoked sheet rubber to close at a high of 94.01 baht per kilogram. 100% DRC cup rubber closed at the highest price at 66.80 baht per kilogram and DRC 65% cup rubber closed at the highest price at 43.42 baht per kilogram. It is a good direction to start trading EUDR rubber. Farmers and rubber farmer institutions as rubber producers receive higher remuneration and income from the previous one. It can meet the needs of the global market and also be a part of helping to promote and preserve the global environment as well.

The EUDR will be held once a week, every Thursday from 1:00 p.m. to 2:00 p.m. to accommodate market demand. It is expected that after the return of output to the market in early June and the traceability system is more stable, more EUDR rubber auction dates will be opened. Prepare to invite entrepreneurs and industries to attend the meeting to evaluate the efficiency of the EUDR rubber market in line with EUDR regulations to increase confidence among importers of products to the EU

"The mechanism of the Central Rubber Market will be an EUDR rubber trading tool that reflects the price of rubber according to the actual demand of the market by the Central Market Management System. It will be able to detect and prevent redundancy and misrepresentation of the source of rubber output in the declaration of goods to be imported into the EU market."

While the general rubber auction at the central market. Surat Thani 30 Apr 24 Quality Rubber Sheet Type 3 Closing Price 75.46 Baht

"The Ministry of Agriculture attaches great importance to encouraging Thai farmers to move towards sustainable agriculture by managing agricultural resources. Therefore, we encourage rubber farmers and Thai rubber operators to manage rubber data to comply with the EUDR regulations of the European Union (EU) and various international standards."

We are confident that proactive measures will be taken to drive the Thai rubber data management system under EUDR and other international standards, along with paying attention to the global environment. It will have a positive effect on the economy. Social & Environmental This will benefit those involved in the rubber industry in all sectors, especially generate additional income for Thai rubber farmers. It leads to an improvement in the quality of life. According to the policy, the Minister of Agriculture and Cooperatives is that farmers must live well. High-value agricultural products Sustainable Agricultural Resources

Source : Bangkok Post