Indonesia: Rubber farmers cry for help

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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…

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NR prices recover in August, deficit continues

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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.

Read the source article at European Rubber Journal

Top rubber producers say Natural Rubber price trend not reflective of fundamentals

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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…

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Laos’ rubber exports bounce despite price struggles

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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.

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ANRPC notes natural rubber supply deficit in July

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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.

Read the source article at European Rubber Journal

TOCOM rubber climbs on firmer Shanghai, Thai efforts to support prices

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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.

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Continental Stock Feels The Burn On Rubber Price Inflation

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Continental AG  (CTTAY) shares fell Thursday after the first-half performance of its ContiTech division and stagnating margins in its automotive business left investors disappointed.

The world’s second largest maker of car parts reported sales of €22.2 billion ($25.4 billion) for the six months to June 30, up 10% on the same period one year ago, before raising its full-year revenue forecast by just more than 1% to €44 billion.

However, the bottom line and group margin contracted slightly after the company was hit by higher raw materials prices in its tires division, the largest unit of the group. 

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Southern rubber farmers grow impatient

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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.

 

Read the source article at Bangkok Post

World NR production up 5.8% in H1 2017: ANRPC

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World natural rubber (NR) production increased by 5.8 per cent year- on-year to 5.729 million tonnes during the first half of 2017, says the latest ANRPC report. As a result, ANRPC expects that the world supply during 2017 will be at 12.797 million tonnes, up 5.9 per cent from the previous year.

Read the source article at Rubber Asia

Vietnam: Shortage of local raw rubber material

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Although Viet Nam is the world’s third largest exporter of natural rubber, businesses still have to import rubber raw material to meet the demand for production and processing. Tyre produced at the Southern Rubber Industry Joint Stock Company in Dong Nai Province. According to the Viet Nam Rubber Association (VRA), most of the materials are …

Read the source article at Global Rubber Markets News