Rubber price on the rise with demand from abroad

With increasing demand from abroad, the price of rubber is on the rise at Ks1,000 to Ks1,010 per pound, Mon State rubber entrepreneurs said. The price of Ribbed Smoked Sheet Type 3 (RSS- 3) rubber was between Ks800 and Ks850 per pound last month. The current rubber price has risen up to Ks1,010 per pound. […]

Myanmar rubber price hits record high

With the global rubber price rising, Myanmar’s rubber price hit a one-and-a-half-year record high of Ks1,000 per pound, according to the Myanmar Rubber Planters and Producers Association. Myanmar’s rubber RSS3 fetched about Ks800 per pound in early November. The Myanmar rubber price is positively related to that of global rubber. The prevailing rubber price hit […]

Rubber market sales stable despite high price

The export market of rubber is stable in spite of the current high price, which resulted from the rise in the global rubber price, businessmen said. Over 80 per cent of rubber production in Myanmar is slated for export to China. Local rubber consumption is below 10 per cent. However, the rubber demand in the […]

Rubber farmers struggle as prices fall

At Shwe Kokko Myaing’s rubber plantation in Myawady district, crowded trees stretch endlessly on either side of the road. The workers live in old dwellings by the roadside. The five children are used to looking after each other. The oldest, aged eight, rocks his sister’s cradle while fixing lunch for the middle three. Their mother […]

Poor Rubber Quality Hurting Exports: Association Secretary

Myanmar rubber is not good enough to export, even as growers complain that the price of $300-400 per tonne is unfairly low, according to U Khaing Myint, secretary of Myanmar Rubber Planters and Producers’ Association. Because of growing demand in the global rubber commodity market, rubber can be sold at standardised prices, but these can […]

Rubber price spike starts to erase losses

Rubber prices jumped last week in keeping with world prices and an improved exchange rate, but it is not enough to dig domestic producers out from mounting losses. International prices have plunged by as much as 75 percent from highs reached briefly in 2011, and local prices have kept pace. While there has been something […]

Japan looks to Myanmar for supply of raw rubber

Japan is providing state of the art technology to process raw rubber and boost local production in a bid to find a new supply for its tyre manufacturing industry. According to an MoU between the Myanmar Rubber Planters and Producers Association and Japanese manufacturers, Japan will provide technology to produce high-quality raw rubber from plantations […]