The government should look seriously into the grievances of rubber farmers who have been complaining about low prices over the last five years. True, the price of rubber, like most other commodities, such as palm oil, cacao and coal, is mainly influenced by global supply and demand, especially for Indonesia, which, as the world’s second…
Kuala Lumpur – Natural rubber prices recovered from a dip in late July, thanks to favourable market fundamentals and supply deficit, the Association of Natural Rubber Producing Countries (ANRPC) has reported.
In its latest release on trends and statistics in August, the association said global NR production reached 8.038 million tonnes within the first eight months of the year. Consumption was estimated at 8.544 million tonnes.
KUALA LUMPUR: The region’s top traditional rubber producers – Thailand, Indonesia and Malaysia – believe the current low price of natural rubber (NR) does not reflect the economic fundamentals that affect it. ITRC member countries account for 65% of global natural rubber (NR) production and 72% of world NR exports. A statement issued by the…
VIENTIANE (Vientiane Times/ANN) – Laos’ rubber exports have increased this year even though domestic farmers are still affected by low prices. In the first six months of the year, Laos earned almost US$45 million from rubber exports, an increase of 40.8 percent compared to the same period last year. The country earned US$40 million from rubber exports.
Kuala Lumpur – July 2017 witnessed a natural rubber supply deficit of 648,000 tonnes, according to the latest figures published by the Association of Natural Rubber Producing Countries (ANRPC).
In a 9 Aug statement ANRPC secretary general Nguyen Ngoc Bich said for the first seven months of 2017, the global NR production amounted to 6.838 million tonnes, including non-ANRPC member countries; while the global world consumption recorded at 7.486 million tonnes.
TOKYO, Aug 16 (Reuters) – Benchmark Tokyo rubber futures climbed on Wednesday as investors unwound short positions following gains in Shanghai futures and on hopes for Thailand’s efforts to support prices. The Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery finished 1.4 yen higher at 214.3 yen ($1.93) per kg, moving away from a […]
The post TOCOM rubber climbs on firmer Shanghai, Thai efforts to support prices appeared first on Global Rubber Markets.
Malaysian Rubber Board (MRB) has said that the Natural Rubber (NR) market sentiment is expected to improve in the near term in line with the anticipation of global economic growth. In its June 2017 NR market review, MRB stated that the physical rubber market will continue to be influenced by rubber futures markets.
Although world rubber demand remains strong, Thailand exports rubber mostly as a commodity, making farmers vulnerable to world’ s price swing. Adding value is necessary and the government has set up a rubber city and promote more domestic use of the product, he added.
Discontent among southern rubber farmers against the government has grown even as the government explained it has done its best to ease their woes stemming from plummeting rubber prices.
Government spokesman Sansern Kaewkamnerd said on Monday it was imperative that farmers understand world rubber prices were dictated by economic factors such as interest rates and oil prices.
“We have provided credits to be used as revolving funds for rubber planters’ groups and for rubber processors to buy latex directly from farmers,” he said.
London – Natural rubber prices continued to be volatile in the month of June with some encouragement for suppliers in the form of a recovery in Chinese contract prices.
According to the latest ERJ snapshot of trading in Far East markets, on the Shanghai Futures Exchange, the closing price for RU1709 – the most heavily traded NR future – strengthened last month, closing at Yuan13,335/tonne in the week ending 2 July.
Asia BD price drop… Nike sales… Clariant-Huntsman link-up… Michelin buys wine reviewer… Conti acquires… Eversafe Rubber… SKF sued ?… Firestone leak… UK down… Kumho limbo… Thai NR…