NER Confident Rubber Prices Will Rise for 3 Years, Heavy Rain Boosts Output

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Summary · why it matters

NER is confident that rubber prices will trend upward and remain high for the next three years, due to declining global supply, especially from Indonesia where output has shrunk by nearly 10% as rubber trees are felled to make way for oil palm plantations. Meanwhile, heavy rain in Thailand is beneficial for rubber plantations, as it helps the soil retain moisture and keeps the trees healthy, even though tapping is temporarily halted. Mr. Chuwit Juengsombat, CEO of NER, revealed that Q3 2026 results will not fall short of targets, as forward sales contracts have already been secured. The company has also revised its 2026 sales volume target down to 440,000-450,000 tons from 500,000 tons, but maintains its revenue target of 30 billion baht and is accelerating customer base expansion in India. Meanwhile, Krungsri Securities recommends a buy with a target price of 5.30 baht.

Impact on assets 2

Materials▲ · 1 stocks
Others▲ · 1 stocks
⛏Natural Rubber (RSS)
RUBBER
▲ PositiveSupplyrelevance

Global supply decline and heavy rain in Thailand boosting output are positive for natural rubber prices.

Off-coverage companies 1

Krungsri Securities Public Company LimitedPrivate± Mixed
relevance

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