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 Price Rebound Prompts Some Farmers to Restart Production

​​ Myanmar rubber farmers and producers battered by months of low prices are enjoying some respite following a recovery in global markets last year. With weak local demand Myanmar’s rubber industry is at the mercy of world markets, and low prices throughout 2015 and much of 2016 led many of the country’s rubber producers to […]

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 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 […]