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AFET RSS3 rubber price range (2024)

~THB 55-80/kg

As ofFY2024·Sources3·Primary

Thailand's Agriculture Futures Exchange of Thailand (AFET) RSS3 spot price traded in the range of approximately THB 55-80 per kilogram during 2024, tracking the TOCOM (Tokyo) and SICOM (Singapore) benchmark prices. Prices are sensitive to Chinese demand, oil-linked synthetic rubber substitution, and seasonal tapping patterns. RAOT publishes daily reference prices for farm-gate and FOB Bangkok levels.

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Figure in context

Thailand's Agriculture Futures Exchange of Thailand (AFET) RSS3 spot price traded in the range of approximately THB 55-80 per kilogram during 2024, tracking the TOCOM (Tokyo) and SICOM (Singapore) benchmark prices. Prices are sensitive to Chinese demand, oil-linked synthetic rubber substitution, and seasonal tapping patterns. RAOT publishes daily reference prices for farm-gate and FOB Bangkok levels.

Thailand's Agriculture Futures Exchange of Thailand (AFET) RSS3 spot price traded in the range of approximately THB 55-80 per kilogram during 2024, tracking the TOCOM (Tokyo) and SICOM (Singapore) benchmark prices. Prices are sensitive to Chinese demand, oil-linked synthetic rubber substitution, and seasonal tapping patterns. RAOT publishes daily reference prices for farm-gate and FOB Bangkok levels.

Time scope

FY2024

Source basis

Primary source

Interpretation notes

What this tells you

Thailand's Agriculture Futures Exchange of Thailand (AFET) RSS3 spot price traded in the range of approximately THB 55-80 per kilogram during 2024, tracking the TOCOM (Tokyo) and SICOM (Singapore) benchmark prices. Prices are sensitive to Chinese demand, oil-linked synthetic rubber substitution, and seasonal tapping patterns. RAOT publishes daily reference prices for farm-gate and FOB Bangkok levels.

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

Related figures

Adjacent numbers that add context without drowning the value.

FY2024
~4.5-5 Mt

Thai natural rubber production volume (2024)

Rubber Authority of Thailand, ANRPC, USDA FAS

FY2024
~USD 5-7B

Thai natural rubber export value (USD, 2024)

Thai Rubber Association, RAOT export statistics, Thai Customs Department

2023-2024
~85-90%

Smallholder share of Thai rubber output

Rubber Authority of Thailand, ANRPC

2023-2024
~5-8% of latex output

Thai latex-to-glove downstream capacity

Sri Trang Agro-Industry Annual Report, RAOT downstream data

Report context

Thailand Rubber Market Intelligence

Thailand produces approximately 4.5M tonnes of natural rubber annually — the world's largest producer at ~35% of global output. ~6M smallholder farmers tap rubber primarily in Southern Thailand, with growing Eastern, Northeast plantings. Sri Trang Agro-Industry (SET: STA) is the listed anchor, parent of Sri Trang Gloves (SET: STGT). Halcyon Agri (SGX-listed, Sinochem), Von Bundit, Southland Rubber, Thai Hua are the key processors. Major downstream consumers: Michelin Thailand, Bridgestone Thailand tyres, STGT medical gloves, automotive, industrial rubber. Rubber Authority of Thailand (RAOT) regulates, supports price stabilisation.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

Bridgestone Thailand

Japanese Bridgestone Group's Thailand tyre manufacturing, NR sourcing; top-3 global tyre major.

Halcyon Agri

SGX-listed Sinochem-controlled global NR processor with significant Thailand footprint.

Michelin Thailand

French Michelin Group's Thailand manufacturing, NR sourcing; global tyre major integrated into Thai rubber ecosystem.

Southland Rubber

Private Thai natural rubber processor; STR, latex processing for domestic, export customers.

Sri Trang Agro-Industry

Listed world-leading natural rubber processor, parent of STGT gloves; vertical integration moat.

Von Bundit

Private top-3 Thai natural rubber processor; STR, latex, RSS across southern Thailand plants.

AFET RSS3 rubber price range (2024) · Insight