Conti sees improved outlook for materials costs

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HANOVER, Germany — Continental A.G.\’s Rubber Group has reduced its estimates for the negative impact of raw materials prices in 2017. In its recently published third quarter results, Continental said it was lowering its forecast for the average price of natural rubber (TSR 20) this year to $1.70 per kilogram from $1.90/kg. Recent declines in […]

The post Conti sees improved outlook for materials costs appeared first on Global Rubber Markets.

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ITRC To Focus More On NR Sustainability – Dr. Chairil Anwar, CEO, International Rubber Consortium (IRCo)

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In an exclusive interview to Rubber Asia, Dr Chairil Anwar, the newly appointed CEO of the Bangkok-based International Rubber Consortium (IRCo), says that in the next decade, ITRC/IRCo will play a greater role in ensuring sustainability and remunerative prices for smallholders as well as providing fair and less volatile NR prices for the consumers. 

As the CEO of IRCo, my priorities are inline with and supportive of the objectives and goals of ITRC/IRCo.

In 2001, world’s three major producers of natural rubber (NR), namely Thailand, Indonesia and Malaysia, signed a Declaration to establish a tripartite cooperation in rubber under the framework of the International Tripartite Rubber Council (ITRC). The objectives of this cooperation are ensuring sustainable NR production and implementing relevant measures in achieving remunerative NR prices for the well-being of the rubber smallholders.

ITRC is committed in helping millions of rubber smallholders who …

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Malaysia: Sabah To Introduce Rubberised Roads To Address Low Rubber Price

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KOTA KINABALU, Nov 22 (Bernama) — The Sabah government will introduce the use of rubber in paving roads and ‘green tyres’ as a long-term strategy to address the issue of low rubber prices, said Deputy Chief Minister Datuk Seri Yahya Hussin.

Yahya, who is also Sabah Agriculture and Food Industry Minister, said the move was also seen as potentially boosting rubber demand in the country as well as reducing exports to international markets, thereby shoring up flagging prices of the commodity in the future.

“The drop in rubber prices in the international market is due to the slowdown in world economic growth and the government is very concerned with the situation as it affects the income of smallholders and rubber tappers,” he said in reply to a question from Datuk Joniston Bangkuai (BN-Kiulu) at the state assembly sitting here today.

Read the source article at Global Rubber Markets News

Natural rubber market struggles

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The natural rubber market is anticipated to continue struggling due to plunging prices, according to the Association of Natural Rubber Producing Countries (ANRPC). A worker of Cu Mgar Rubber Company harvests latex. At its 10th annual meeting in HCM City on Monday, ARNPC said the global natural rubber market has been facing difficulties since 2012.

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Cambodia: Rubber exports rise 33 percent

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Cambodia’s rubber exports to the international market saw an increase of 33 percent in the first nine months of 2017, while the average price for the commodity went up 53 percent, compared with the same period last year. A local farmer tapping a rubber tree to collect the latex. 

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China’s rubber futures price crashes in September

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Shanghai, China – Natural rubber futures price on the Shanghai Futures Exchange (SHFE) went down by over 20% in September after rising since July, weaker than almost all other commodities traded on the exchange. The price has dropped from the high point at €2,183 (17,000 yuan) per tonne at the beginning of the month to […]

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Why Kerala is losing its grip on rubber

The Association of Planters of Kerala (APK) has raised concerns over the State’s declining share in national rubber production during the last decade.

APK, in its annual report, pointed out that the production of  in the State in FY17 was 4.55 lakh tonnes (lt) against 4.38 lt in FY16, witnessing only a slight increase of 3.87 per cent.

Kerala’s share has now come down to 69.66 per cent of the national production from around 92 per cent a decade ago.

One of the reasons attributed by the planters’ body was the increase in area under cultivation in non-traditional regions such as North Eastern parts and Sindhudurg in Maharashtra and the hilly regions of Gujara.

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Natural Rubber classified a ‘critical raw material’ by EU

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The importance of unimpeded access to natural rubber has been acknowledged by the European Union, which has added the raw material to its Critical Raw Material List. the decision was made with the support of the European Tyre & Rubber Manufacturers’ Association (ETRMA), which contributed to the process of revising the List. 

Read the source article at Global Rubber Markets News

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