Thailand aims to reduce rubber plantations, ramp up value of exports
Thailand’s cabinet has approved a 20-year plan to slash rubber plantations by 21% nationwide and increase the value of rubber exports by more than threefold, a government spokeswoman said on Wednesday.
Thailand is the world’s top producer and exporter of natural rubber, accounting for up to 40% of global supply, but Thai rubber farmers have struggled with low prices in recent years in line with a decline in global demand.
