GPSNR’s new Policy Framework drives members commitment to sustainable rubber production and sourcing

Singapore, 23 September 2020: On Wednesday, members of the Global Platform for Sustainable Natural Rubber (GPSNR) convened the annual General Assembly, which saw the approval of a members’ sustainability policy framework and the creation of a new membership category for smallholder producers of natural rubber.

The newly approved policy framework will help GPSNR member companies, who account for almost 50% of global natural rubber volume, to establish or update strong supply chain sustainability commitments through their natural rubber purchasing policies, on all aspects of sustainability: economic, environmental, and social. Modeled around the Platform’s 12 Principles of Sustainable Natural Rubber, the new policy framework sets out eight overarching themes that include commitments to legal compliance, community livelihoods, healthy, functioning ecosystems (including no deforestation), and respecting all human rights.

Read the source article at gpsnr.org

Malaysia: Rubber production increases 24.7% in July

by ASILA JALIL / pic by BLOOMBERG THE production of natural rubber in the country increased 24.7% in July to 41,801 tonnes compared to 33,531 tonnes registered in June, according to monthly rubber statistics by the Department of Statistics Malaysia (DoSM). Yearly comparison of the production, however, registered a decline of 30.4% compared to the […]

Read the source article at Global Rubber Markets News

BMZ and Continental are making a rubber supply chain digitally traceable for the first time

Hanover / Berlin, August 27, 2020. For the first time ever, the German Federal Ministry of Economic Cooperation and Development (BMZ) and technology company Continental are making a rubber supply chain seamlessly electronically traceable – from cultivation in Indonesia and further processing through to tire production.

Read the source article at continental.com

Thai rubber prices hit near three-year high on global demand

Thai benchmark smoked rubber sheets (RSS3) began rallying in July and rose to the highest levels in nearly three years at 64.65 baht ($2.06) per kg last week. It has eased a little and was quoted at 61.25 baht per kg on Tuesday. Prices for the grade have usually hovered at levels under 50 baht per kg in past years. “Rubber prices increased from global demand, driven by Chinese exports after the economy began to recover,” said Deputy Government Spokeswoman, Rachada Thanadirek.

Read the source article at Stock Market Quotes and News

ANRPC Releases Natural Rubber Trends & Statistics July 2020

Prices of NR, both in the futures and physical markets, moved along a recovery path during July with the notable exception of latex market. Despite the growing concerns about a possible second wave of the pandemic and deteriorating US-China diplomatic relation, NR prices have the potential to continue moving along the marginal recovery path, in the short-term, supported by a host of factors which include the anticipated marginal improvement in the world consumption, factors constraining the world production and physical availability of NR , fall in the inventory held in the designated warehouses of the Shanghai Exchange, continued weakness expected in the U.S. dollar, and the support from the crude oil market.

Read the source article at Stock Market Quotes and News

Halcyon Agri founding chief executive Robert Meyer retires

NATURAL rubber supplier Halcyon Agri Corporation on Monday said its founding chief executive officer (CEO) Robert Meyer, as well as chief corporate officer Pascal Demierre, retired on Friday. 

Taking over from Mr Meyer as CEO is David Li Xuetao, the former CEO of GMG Global. He has more than 20 years of experience in the tyre, synthetic rubber and natural rubber business, mainboard-listed Halcyon Agri said in a regulatory update.

Halcyon Agri acquired industry peer GMG Global in 2016 in a series of transactions to consolidate the natural rubber business of Sinochem International Corp – Halcyon Agri’s major shareholder.

Read the source article at THE BUSINESS TIMES

India to set up e-trading platform for NR marketing

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KOTTAYAM, India—India’s Rubber Board is setting up an e-trading platform for natural rubber to bring transparency and visibility for buyers and sellers in the market.

Read the source article at Rubber and Plastics News

Halcyon Agri Invests US$25 million to Its Sustainability Efforts

Deutsche Bank’s Corporate Bank today announced that it has provided a US$25 million ($34.8 million) sustainability-linked loan facility with a three-year tenor, and an accordion feature to upsize the facility to US$75 million, to Corrie MacColl, a subsidiary of Halcyon Agri Corporation.

 

Read the source article at The Edge Singapore

ANRPC: Monthly Overview of Natural Rubber Economy

The Association of Natural Rubber Producing Countries (ANRPC) is happy to release its Natural Rubber Trends & Statistics May 2020.

In line with the outlook reported by the ANRPC through the April issue of this publication, natural rubber (NR) prices started recovering since the last week of April driven by the positive sentiment generated by the relaxation of the COVID-19 containment measures and lockdowns, reopening of economic activities across countries, positive developments in crude oil market, and a substantial contraction in the global production of NR. The recovery is likely to continue, albeit at a slow pace and subject to a set of risk factors.

Read the source article at Welcome

Global NR demand set to fall in 2020

Kuala Lumpur – The Association of Natural Rubber Producing Countries (ANRPC) expects the world consumption of natural rubber to fall 1.5% this year, after a sharp decline in demand in the first quarter.

In its monthly trends update published 30 March, the ANRPC said it estimated the global consumption to drop to 13.53 million tonnes for the whole year, down from the an earlier estimate of 1.2% growth in February.

Read the source article at European Rubber Journal