Chuwit Jungtanasomboon, Chief Executive Officer of North East Rubber Public Company Limited, or NER, said that higher natural rubber prices are supporting the business for the remainder of 2026, with the company confident that revenue will surge to 30 billion baht for the year, in line with its plan. The price support comes from an overall tight supply of natural rubber after production was hit by weather, while demand from major tire makers, especially in China, India and key automobile-producing countries, remains strong, supported by growth in the automotive and electric vehicle industries and the European Union's EUDR environmental regulation, which is pushing manufacturers to place greater emphasis on sourcing and traceability of raw materials. In the third quarter of 2026, the company expects higher average selling prices to support revenue even as sales volumes are affected by tight raw material supply. The company is focused on managing production across its plants in line with available raw material volumes, and continues to monitor rubber price trends through the final stretch of 2026 while preparing its supply chain for changes in the natural rubber market going forward.
North East Rubbers Public Company LimitedHigher natural rubber prices lift NER's average selling prices, supporting its forecast 30 billion baht revenue for 2026.
Natural rubber prices are supported by tight supply after weather-hit production, alongside strong tire-maker demand.
