Government business matching strategy helps solve oversupply of rubber

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BANGKOK – The government’s business matching approach has proven successful in the rubber industry as more than 785,000 tons of Thai rubber have been purchased by foreign companies. 

Government Spokesperson Maj Gen Sansern Kaewkamnerd said the Ministry of Commerce had recently organized two business matching events. The first event took place in Surat Thani Province and attracted 58 companies from 17 different countries. According to him, the combined value of purchases at the event totaled 33.738 billion baht.

At the second event in Bangkok, 147 companies from 28 countries purchased 19.66 billion baht worth of Thai rubber.

The spokesperson said the two business matching events allowed Thailand to release more than 785,000 tons of raw and processed rubber.

In addition, he said there remained a number of countries interested in placing more orders including China, India, South Korea, Japan, USA, and European countries. Govt’s business matching strategy helps solve oversupply of rubber.