Thai Rubber Crisis Deepens
22 images Created 16 Dec 2014
In the last two years, the price paid to rubber farmers has plunged from approximately 190 Baht per kilo (about $6.10 US) to 45 Baht per kilo (about $1.20 US). It costs about 65 Baht per kilo to produce rubber ($2.05 US). Prices have plunged 5 percent since September, when rubber was about 52Baht per kilo. Thailand is the second leading rubber exporter in the world.