Palm oil, cocoa, soy, bananas … and rubber? Despite a lower profile, natural rubber is a widely traded tropical global commodity. Approximately 13.8 million tons of natural rubber was produced in 2019, with Indonesia, Malaysia and Thailand being the top producers. But until recently, there was little to suggest that collective and focused efforts from the different stakeholders across the natural rubber supply chain were in place to ensure that supply chain was being managed ethically and sustainably.
That changed in March 2019 with the official launch of the Global Platform for Sustainable Natural Rubber (GPSNR), spearheaded by the Tire Industry Project, a CEO-led sustainability forum for the tire industry under the umbrella of the World Business Council for Sustainable Development (WBCSD). The GPSNR brings tire manufacturers, other major rubber buyers and processors, car makers, international NGOs and smallholders together under an ambitious set of priorities to ensure the sustainable production and supply of natural rubber.
Read the source article at TriplePundit
…rubber is deemed to be a commodity of such global importance that it is included on the EU’s list of critical raw materials.
Unfortunately, there are signs the world might be running out of natural rubber. Disease, climate change and plunging global prices have put the world’s rubber supplies into jeopardy. It has led scientists to search for a solution before it’s too late.
Read the source article at BBC – Homepage
SINGAPORE – Media OutReach – 17 December 2020 – Michelin has won the ‘Smart Mobility’ award from the European Chamber of Commerce in Singapore (EuroCham) at its inaugural EuroCham Sustainability Awards 2020, held virtually on November 17, 2020. The award recognized Michelin’s continued efforts to ensure that its raw materials, in particular natural rubber, are sustainably and ethically sourced.
Read the source article at woah.my
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
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
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.
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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
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.
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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
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