Qinrex according to the news from Thailand on May 13, Chuwit Jungthanasomboon, the CEO of North East rubber Public Company Limited (NER), revealed that the company plans to consider adjusting its business objectives for the second half of 2024 before the middle of this year. Previously, the average sales target for this year was set at no less than 25 billion baht, that is, the sales volume exceeded 510,000 tons / year, an increase of about 10% from 497,053 tons / year in the same period last year.

According to Thailand's commercial and industrial profile in the second quarter of 2024, rubber demand still shows a good trend, and the price is at a reasonable average level. The company believes that the appropriate average rubber price is 60 baht / kg and above, but not more than 80 baht / kg, which is beneficial to manufacturers, buyers and end users. The sales volume in the first six months of 2024 still meets the target set by the company.

In the first quarter of 2024, the company's sales volume was 114,619 tons, a decrease of 10.15% from the fourth quarter of 2023, about 12956 tons, a decrease of 10.15% from the same period last year, about 12,955 tons; The sales revenue was THB 6.542 billion, of which domestic sales accounted for 74% of the total sales and exports accounted for 26% of the total sales. In terms of price, the sales volume increased from THB 6.254 billion in the same period last year, and the average selling price increased by 16.45%; The net profit was 454million baht, up 44% from 314million baht in the same period last year, and the gross profit rate was 11.64%.

Mr. Chuwit Jungthanasomboon said that due to the El Nino phenomenon, the supply of rubber has been reduced a lot.

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