Roadmap for making India self-reliant in NR by 2030

The Indian natural rubber (NR) plantation sector supports an industry that is vital to the nation’s industrial and economic growth. Sustained extension efforts supported by focused research and development by the Rubber Board for more than 60 years in the past helped establish a robust NR production base in the country, characterised by a steady expansion in area under cultivation and increase in productivity and total production. This helped India achieve near self-sufficiency in NR production until 2010. The rubber products manufacturing industry and earnings from export of value-added rubber products registered a robust growth over the years. As the Indian economy is expected to maintain its buoyancy in growth, it is estimated that by 2030 the country would require about 20,00,000 tonnes of NR per year. Present production is in the range of 

Read the source article at Rubber Asia

Cambodia: Rubber price drops while exports rise

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The General Directorate of Rubber director-general Pol Sopha said during the period, local producers exported 161,571 tonnes of rubber to various countries with Japan, Korea, Malaysia, Vietnam, Singapore and China being major destinations.

 

The figure shows that the current total cultivated land area is 226,000ha, while the harvested land area is 201,000ha.

Read the source article at Global Rubber Markets News

Stakeholders Launch Global Platform for Sustainable Natural Rubber

Development of the platform was initiated by the CEOs of the World Business Council for Sustainable Development (WBCSD) Tire Industry Project (TIP) in November 2017 and has since been led by a Working Group of TIP member companies. TIP members continue to work to ensure the sustainable production and supply of natural rubber, and in joining the platform they commit to be able to demonstrate the integration of principles for sustainable natural rubber into their purchasing and/or operational activities. The GPSNR is open to applications for membership from other natural rubber stakeholders. 

Speaking at the launch Peter Bakker, President and CEO of WBCSD said “The tire industry consumes around 70 percent of natural rubber and demand is growing. This throws into sharp relief the social, economic and environmental opportunities associated with this important commodity. The GPSNR will consider the people, communities and natural resources touched by natural rubber production and supply – they all stand to benefit from the creation and adoption of sustainable and responsible practices.” 

The ceremonial launch included the signing of a GPSNR Member Statement by the 11 members of TIP, and Ford Motor Company, Halcyon Agri Corporation Limited, ITOCHU Corporation, Kirana Megatara, SIPEF, The Socfin Group, and Southland Global PTE Ltd. 

Bakker praised the efforts of founding and prospective GPSNR members in bringing the platform to launch, adding “This spirit of collaboration will define the actions of the platform going forward – there is strength in diversity, and the various interests and expertise within the GPSNR can deliver a truly sustainable natural rubber supply chain.” 

The WBCSD’s TIP spearheaded development of the GPSNR and will financially support the platform during start-up and its first two years of operation – a level of support necessary to ensure basic operations while a paying membership base is established. Despite industry backing the GPSNR will maintain its independence, underlined Anne-Cécile Remont, Director WBCSD TIP– “Once officially launched, the platform will be independently managed, with governance and decision making overseen by a representative group of stakeholders.” 

Building upon past work, in developing the platform, a review of comparable supply chain sustainability initiatives, including natural rubber, revealed that meaningful change was best achieved through the mainstreaming of good practices and this was central to discussions around the GPSNR’s governance structure, explained Remont. “Successful mainstreaming requires actionable commitment from the entire supply chain. Best results are found where the various contributions of stakeholder groups are relative to their ownership of supply chain opportunities, their relevant expertise and their capacity to implement meaningful change,” she said. 

To be headquartered in Singapore, a dedicated GPSNR secretariat will kick-off operations in March 2019 with an inaugural GPSNR General Assembly. 

About the World Business Council for Sustainable Development (WBCSD) 

WBCSD is a global, CEO-led organization of over 200 leading businesses working together to accelerate the transition to a sustainable world. We help make our member companies more successful and sustainable by focusing on the maximum positive impact for shareholders, the environment and societies. 

Our member companies come from all business sectors and all major economies, representing a combined revenue of more than USD $8.5 trillion and 19 million employees. Our global network of almost 70 national business councils gives our members unparalleled reach across the globe. WBCSD is uniquely positioned to work with member companies along and across value chains to deliver impactful business solutions to the most challenging sustainability issues. 

Together, we are the leading voice of business for sustainability: united by our vision of a world where more than 9 billion people are all living well and within the boundaries of our planet, by 2050. http://www.wbcsd.org 

 

For more information, please contact: 

Gavin Whitmore 

whitmore@wbcsd.org  

Mobile: +41 79 880 57 29 

 

ANRPC records growth in world natural rubber consumption

According to the latest statistics from the ANRPC, in the period from January 2018 to September 2018, world natural rubber consumption grew 6.6% on a year-to-year basis to 10.653 million metric tons; world production saw a slower growth at 1.5% to 9.779 million metric tons, on a year-to-year basis. This resulted to a supply deficit of 874,000 metric tons during the same reference period based on these statistics.

Read the source article at Tire Technology International

Ongoing U.S.-China trade war impacting natural rubber prices

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KUALA LUMPUR, Malaysia – Global demand for natural rubber outstripped supply by 874,000 metric tons throughout the the nine month period ending Sept. 30.

Read the source article at Rubber and Plastics News

Vietnam to promote value addition to NR

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Badly hit by prolonged drop in natural rubber (NR) prices, Vietnam, the world’s third largest NR producer, plans to boost domestic consumption by promoting the manufacturing of rubber products such as tyres, gloves, automobile spare parts etc for both domestic and export markets.

Globally, unprecedented price falls, adverse weather and growing usages of synthetic rubber are pushing traditional natural rubber growers to other agricultural commodities. The same trend is seen in Vietnam too. Rubber growers are increasingly switching to fruits trees, cashew and pepper. Some are doing inter-cropping and converting only a part of their rubber plantations.

Read the source article at Rubber Asia

Synthetic rubber prices likely to remain volatile

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AKRON—Prices for synthetic rubber and petrochemical feedstocks have been “incredibly volatile” and are likely to remain so for a while, according to a speaker at the International Tire Exhibition & Conference in Akron Sept. 11-13.

“Energy- and economy-related fundamentals in the synthetic rubber market are encouraging, but risks abound,” said Bill Hyde, executive director-olefins and elastomers at IHS Markit.

Read the source article at Global Rubber Markets News

Tocom aims to double rubber trading with new contract

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Technically-specified rubber futures will start trading on October 9, according to President Takamichi Hamada. Trading volumes will probably exceed ribbed-smoked-sheet rubber, the type currently traded on Tocom, in the short term, Hamada, 68, said in an interview in Tokyo. The exchange is also aiming to surpass volumes on Singapore Exchange, he said.

Tocom is Japan’s largest commodity exchange and has offered RSS rubber contracts for almost 66 years.

 

Read the source article at Global Rubber Markets News

Tyre maker Michelin confirms 2018 guidance despite China slowdown

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Tyre makers such as Michelin and its rivals Continental and Goodyear have been hit by weaker demand in China, whose economy has been slowing, and the impact of adverse foreign exchange movements and commodity prices.

But Michelin said growth in Europe and north America meant it would stick to its overall 2018 financial targets.

Xavier Caroen, an analyst at French brokerage Bryan Garnier, said the statement would reassure investors that the French company had not been as badly affected as other tyre makers.

Read the source article at Stock Market Quotes and News

India’s rubber output to drop over 15% due to floods, says merchants

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Cochin Rubber Merchants’ Association has said that the decline in rubber output will be more than 15 percent due to floods. President of the  Association GP Goyal has told Moneycontrol that the rubber tapping has completely stopped for last 15-20 days.

Workers from Bihar and Orissa left Kerala and product sale has drastically come down, he said. Prices have not gone up much because the import is taking place and North Indian states are getting material from Tripura.

Read the source article at Rubber Asia