On Thursday, the prices of rubber stocks in the Thai market edged higher following the increase in rubber prices of more than THB 90 per kilogram, which was the highest level in seven years. The prices of the stocks at the end of the morning session are as follows:
The share price of Thai Rubber Latex Group Public Company Limited (SET: TRUBB) jumped by 17.27% or THB 0.24 to THB 1.63, with a trading value of THB 182.48 million.
The share price of Thai Eastern Group Holdings Public Company Limited (SET: TEGH) soared by 5.39% or THB 0.18 to THB 3.52, with a trading value of THB 35.89 million.
The share price of North East Rubber Public Company Limited (SET: NER) rose by 3.33% or THB 0.20 to THB 6.20, with a trading value of THB 65.58 million.
The share price of Sri Trang Agro-Industry Public Company Limited (SET: STA) increased by 7.58% or THB 1.50 to THB 21.30, with a trading value of THB 782.83 million.
Thamanat Prompow, Minister of Agriculture and Cooperatives, reiterated to the Rubber Authority of Thailand to promote options for rubber agriculturists to generate revenue in forms other than the production of natural rubber and rubber products by processing the transaction through carbon credit, as to improve the source of funds for agriculturists while also being responsible for society and nature.
The movement was for the government to achieve its carbon neutrality policy by 2050, as well as for Thailand to be the leader among ASEAN countries in terms of reducing carbon emissions and achieving net zero greenhouse gas emissions by 2065.
