GAP rubber farming and a GMP latex collection centre with a BCG economy model in Thailand

Preprame, Tassanakul and Buncha, Somboonsuke (2023) GAP rubber farming and a GMP latex collection centre with a BCG economy model in Thailand. Journal of Sustainability Science and Management (Malaysia), 18 (8). pp. 37-49. ISSN 2672-7226

The Bio-Circular and Green Economy (BCG) model has been applied in Good Agricultural Practices (GAP) on rubber plantations and Good Manufacturing Practices (GMP) for Latex Collection Centres (LCC). An agricultural cooperative group, Trang Province (Thailand) applied GAP and GMP to successfully implement its BCG economy for better sustainability. The results revealed that farmers applied knowledge to their bioeconomy for rubber farming to enable them to produce high-quality fresh latex resulting in an increased yield of 28.95%. The standardisation of fresh latex had set the minimum dry rubber value content at 30%, the maximum volatile fatty acid at 0.07 units, and the minimum of ammonia at 0.20% allowing concentrate latex manufacturers to accept and trust in the quality of raw materials. An analysis was done of the economic situation. The study found that the investment by the LCC had an NPV greater than zero. The BCR and IRR values were greater than 1 and 20%, respectively. These indicated the worthiness of an investment. This also has the benefit of recovering rubber scraps in wastewater, which can be used to produce rubber sheets. These create added value and enhance the production of latex in a sustainable manner for rubber farmer groups.

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Abstract

The Bio-Circular and Green Economy (BCG) model has been applied in Good Agricultural Practices (GAP) on rubber plantations and Good Manufacturing Practices (GMP) for Latex Collection Centres (LCC). An agricultural cooperative group, Trang Province (Thailand) applied GAP and GMP to successfully implement its BCG economy for better sustainability. The results revealed that farmers applied knowledge to their bioeconomy for rubber farming to enable them to produce high-quality fresh latex resulting in an increased yield of 28.95%. The standardisation of fresh latex had set the minimum dry rubber value content at 30%, the maximum volatile fatty acid at 0.07 units, and the minimum of ammonia at 0.20% allowing concentrate latex manufacturers to accept and trust in the quality of raw materials. An analysis was done of the economic situation. The study found that the investment by the LCC had an NPV greater than zero. The BCR and IRR values were greater than 1 and 20%, respectively. These indicated the worthiness of an investment. This also has the benefit of recovering rubber scraps in wastewater, which can be used to produce rubber sheets. These create added value and enhance the production of latex in a sustainable manner for rubber farmer groups.

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Item Type:	Article
AGROVOC Term:	rubber crops
AGROVOC Term:	rubber industry
AGROVOC Term:	farming systems
AGROVOC Term:	good agricultural practices
AGROVOC Term:	good manufacturing practices
AGROVOC Term:	research
AGROVOC Term:	economic analysis
AGROVOC Term:	wastewater management
AGROVOC Term:	sustainable agriculture
Geographical Term:	Thailand
Uncontrolled Keywords:	Bio-circular economy, good agricultural practice, good manufacturing practice, Green Economy, sustainable manner.
Depositing User:	Nor Hasnita Abdul Samat
Date Deposited:	20 Mar 2025 04:16
Last Modified:	20 Mar 2025 04:16
URI:	http://webagris.upm.edu.my/id/eprint/1628

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