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China poses limited threat to Thailand's rubber industry.

Bangkok Post (Bangkok, Thailand)

| October 04, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Phusadee Ashayagachat

Oct. 4--Given the steady rise in world rubber demand, China's plan to substantially increase its rubber plantation areas is unlikely to pose much of a threat to Thai rubber exports and world prices, according to industry experts.

Based on findings from Agricultural Economics Department officials who visited China in August, Beijing is planning to increase the nation's plantation area by 500,000 rai to 4.69 million rai to produce about 570,000 tonnes of rubber a year.

The plan is not that worrisome as it is unlikely to affect rubber prices, given the steady 3-4 percent growth in global rubber demand annually, said ...

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Source: HighBeam Research, China poses limited threat to Thailand's rubber industry.