Sumitomo Rubber sets up rubber procurement company

After considering a number of factors, such as a changing business environment as well as growing awareness of human rights and environmental considerations, Sumitomo Rubber Group has established its own local organisation for procuring natural rubber. It has done so via its member company Sumitomo Rubber Industries, which this month set up Sumitomo Rubber Singapore Pte. Ltd. This entity, located in the world’s largest natural rubber trading hub, will commence operations in April.

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Ivory Coast’s rubber output jumps 25% in 2019

Ivory Coast is Africa’s top natural rubber exporter and the seventh largest producer in the world. New plantations have proliferated as farmers switch from cocoa to rubber in search of more stable incomes.

Akpangni Attobra, APROMAC’s general secretary, told Reuters on Wednesday that output will keep rising and should reach 950,000 tonnes in 2021.

Read the source article at Stock Market Quotes and News

It is not easy to lift the bottom of the rubber out of the mud

Although the price of rubber prices is not easy to rise, the bottom may rise: the supply and demand structure in 2020 has not yet undergone a substantial change, and it is not easy for a sustained offensive increase. But the bottom may rise upwards: previously seen bottom opportunities may be difficult to see.

Read the source article at Global Rubber Markets News

Halcyon Agri launches Bounce sustainable rubber movement

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SINGAPORE — Natural rubber giant Halcyon Agri Corp. Ltd. has launched Bounce, which it said is a movement to drive industry and consumer change for an equitable, sustainable natural rubber industry.

Read the source article at Tire Business

Thailand aims to reduce rubber plantations, ramp up value of exports

BANGKOK, Dec 4 (Reuters) – Thailand’s cabinet has approved a 20-year plan to slash rubber plantations by 21% nationwide and increase the value of rubber exports by more than threefold, a government spokeswoman said on Wednesday.

 

Read the source article at reuters.com

ITRC moots exports curbs, again

The International Tripartite Rubber Council (ITRC) is planning another exports control to stabilise rubber prices, a Reuters report said. The council includes Thailand, Indonesia and Malaysia.

The ITRC said 2019 rubber production was expected to fall by 800,000 tonnes due to an outbreak of the Pestalotiopsis fungal disease, erratic weather conditions and sluggish tapping activities after a prolonged spell of low prices.

Read the source article at Rubber Asia

Corrie MacColl details landmark collaboration in Cameroon

Singapore — Natural rubber company Corrie MacColl, a subsidiary of global NR supply chain manager Halcyon Agri, has joined forces with local and international NGOs to strengthen rubber production across its plantations in Cameroon.

Two prominent NGOs, Mighty Earth and the Community Forests Platform, have joined the Cameroon Sustainability Council initiated by Corrie MacColl after a long-running consultation, Corrie MacColl said in a 21 Nov news release.

Read the source article at European Rubber Journal

NR supply falls 7.3% in first seven months of 2019

Kuala Lumpur – The world production of natural rubber (NR) fell 7.3% year-on-year to 7.039 million tonnes during the first seven months of 2019, according to the preliminary estimates published by the Association of Natural Rubber Producing Countries (ANRPC).

Total product was hit by the outbreak of Pestalotiopsis leaf disease in the rubber producing states, with Indonesia estimating a 15% decline in annual output.

Read the source article at European Rubber Journal

Rubber Market to Reach USD 60.38 Billion by 2026; Ongoing Technological Advancements to Propel Growth, Says Fortune Business Insights

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PUNE, India, Nov. 11, 2019 /PRNewswire/ — The global Rubber Market is anticipated to gain impetus from a rise in the demand from tire and non-tire automotive parts sector. This information is published in a report by Fortune Business Insights, titled, “Rubber Market Size, Share &…

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Challenging times ahead for rubber sector

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The outlook is not very optimistic for rubber producing and consuming sectors according to Sawar Dhanania, Chairman of the Rubber Board. He was delivering the presidential address at the 179th meeting of the Rubber Board, in Kottayam. The economy world-wide is passing through difficult times and the economic horizon is overcast with uncertainty adversely affecting […]

Read the source article at Global Rubber Markets News