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Rubber prices fall in Myanmar due to decrease in quality

Rubber prices in Myanmar are falling despite an increase in quantity exported to China. Myanmar is a particularly good region for growing rubber because of its wet weather and high humidity.

Myanmar Rubber prices have been falling in the Mon State due to low quality, the Mon State Rubber Planters and Producers Association’s chair Nai Kyan Yit told Hinthar Media.

“Rubber from the Mon State are currently not in a seller’s market, but a buyer’s market. The seller has to sell the rubber based on how much he or she is given,” he explained.

The current rubber prices in Myanmar are Ks 700 per pound for best quality RSS-3, Ks 600 per pound for Myanmar RSS-3, and Ks 700 per pound for CSO. Rubber prices were between Ks 900-1,000 per pound last year.

Nai Kyan Yit said most of the rubbers produced in the Mon State are being exported to China, but the prices are falling due to low quality and some rubber wholesale centers have signed contracts with Japanese companies.

Mi Aye Kyi, a rubber plantation owner from Ye Township, said she is doing her best to produce good rubber even though she lacks investment for producing good quality rubber.

The main reason for a decline in quality is because the farmers don’t have enough funds to make use of newer technologies in growing rubber crops.

Source: Devdiscourse

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