Rubber export earnings decline

Rubber export earnings declined during two-and half-month mini budget period due to a drop in global rubber price, according to the Commerce Ministry. Myanmar exported more rubber than the previous year in two-and half-month fiscal year. Khin Maung Lwin, assistant permanent secretary of the Commerce Ministry said: “Last year, the country earned US$ 53.641 million […]

Global economic instability drives the rubber price to decline

Rubber prices in Myanmar have declined due to global economic instability, particularly in durable goods markets and petroleum which are closely linked to rubber said U Khaing Myint, the general secretary of Myanmar Rubber Planters and Producers Association. Since May, a tonne of Myanmar rubber sold for about US$1,400 whereas the rubber price hit US$1,800-2,000 […]

Rubber market back to normal in northern Shan State from the rise of Chinese Yuan

The rubber market has been brought back to normal in Northern Shan State, resulting from a rise in the price of the Chinese Yuan, it is learnt. The price of rubber remained unchanged in 2015 and 2016 at 9,000 Chinese Yuan (CHY). The merchants stored the rubber in September watching the CHY exchange rate. The […]