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The firm exported ribbed smoked sheet rubber to Europe and North America.
- All grades of Ribbed Smoked Sheets (RSS)
The benchmark rubber price, RSS3 or ribbed smoked sheet 3, was quoted at $5.05 per kg in the physical market on Tuesday, according to the Rubber Research Institute of Thailand.
Prices of the most traded RSS-4 (ribbed smoked sheet) grade in Thailand, the world's largest producer, have risen more than 12 percent in one month, while in India it rose 10 percent.
Prices of the most traded RSS-4 (ribbed smoked sheets) rose about 38 percent to touch a record high of 142 rupees per kg during Apr-Aug period, according to the Rubber Board data.
The government would buy unsmoked sheets (USS3) from farmers and transform them into ribbed smoked sheets (RSS3), the export-grade rubber sheet, keep them in stock and wait to sell at profitable prices, Somchai said. '
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