TFEX, in collaboration with the Rubber Authority of Thailand (RAOT), has developed an internationally accepted Rubber Reference Price. The pricing methodology is standardized, transparent, and verifiable, which will help boost confidence among stakeholders in the rubber industry. A price review committee, composed of representatives from relevant agencies, is responsible for establishing the principles, methods, and variables used in the calculation. The price and volume data used as the basis for calculating the reference price (FOB price) are derived from transactions through auctions in the RAOT central rubber market and its associated processing costs which are reviewed regularly every six months.
Calculation Formula
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