Cambodia: Rubber price drops while exports rise

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The General Directorate of Rubber director-general Pol Sopha said during the period, local producers exported 161,571 tonnes of rubber to various countries with Japan, Korea, Malaysia, Vietnam, Singapore and China being major destinations.

 

The figure shows that the current total cultivated land area is 226,000ha, while the harvested land area is 201,000ha.

Read the source article at Global Rubber Markets News

Natural Rubber production, consumption up in first two months of 2018

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KUALA LUMPUR—Natural rubber production and consumption registered year-on-year growth in the first two months of 2018, according to the Association of Natural Rubber Producing Countries. Production rose 4.3 percent to 2.2 million metric tons, while demand grew 7.5 percent year-on-year to 2.0 million tons for the period, the ANRPC said March 22. During the first […]

The post Natural Rubber production, consumption up in first two months of 2018 appeared first on Global Rubber Markets.

Read the source article at Global Rubber Markets News

Road to Sustainable NR

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Gobal demand for natural rubber is on the rise – clocking a growth rate of 4.1% in 2016. Over 70% of the world’s natural rubber goes into the making of tyres. Today, India is the 2nd largest consumer; and the 5th largest importer of natural rubber in the world.

Interestingly, nearly all of the natural rubber we use comes from tree plantations in mainland Southeast Asia – 90% of all natural rubber produced in the world today is grown in this region.

Sadly, as a result of this tremendous growth in natural rubber and other commodities, the Southeast Asian countries like Cambodia, Malaysia, Vietnam, and Laos have experienced some of the highest rates of forest loss in the world. Cambodia alone logged the world’s fastest rate of deforestation in 2014, where much of this forest was replaced by rubber. By 2050, the area of land dedicated to such farming systems could more than double or triple. India imports natural rubber from some of the most high conservation value landscapes in Southeast Asia.

Read the source article at Rubber Asia

Indian natural rubber output rebounds on higher prices

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Kottayam, India – Higher prices have contributed to a significant pick-up in India’s production and export of natural rubber (NR), the country’s Rubber Board has reported.

Production during the last fiscal year reached 690,000 tonnes, well above a forecast level of 654,000 tonnes and 22.8% above the 562,000 tonnes recorded in 2015-16.

NR production this March in India reached 55,000 tonnes, 66.7% above the level in the same month last year, the Rubber Board added in a 24 April release.

Read the source article at European Rubber Journal

Elastic band: Chinese speculators ping global rubber prices to 5-year high

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Traders say Chinese investors are punting on global rubber demand surging on revived growth in China stoking the auto sector, allied with hope a President Trump stimulus will stoke the U.S. economy. The world\’s biggest , Bridgestone, has already warned it may have to lift product prices.

These bets are likely to continue once China is fully back in business after the Lunar New Year break, traders say. They come just as output in key Southeast Asia producer countries enters a seasonal drop – exacerbated by recent floods in Thailand – and have made rubber an even hotter property than top-demand commodities like lead and steel.

Asia benchmark rubber futures at the Tokyo Commodity Exchange (TOCOM) hit their highest  in more than five years last week and climbed 26 percent in January before giving up some gains during the Chinese New Year holiday – their biggest monthly leap since at least 1990. That\’s already stoked interest in new production in places like India.

“There was a round of speculation on rubber in China in January,” said Quan Shuwen, an analyst at the Shanghai office of Japanese brokerage Okachi. “Supplies are quite tight, demand from downstream enterprises is gradually getting stronger in China, which will very likely further push up prices.”

Over the past four months, rubber prices have more than doubled in a wild swing propelled by China\’s cash-rich investors, underlining their ability to move markets after similar surges in commodities like coking coal and iron ore. …

Read the source article at Global Rubber Markets News

SriLanka: Rubber can raise US$ 5 bn soon -Minister

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Rubber and rubber value addition will result in foreign exchange earnings of about US$ 5 billion in the short run said Plantation Industries Minister, Navin Dissanayake. 

Expert feedback has indicated that oil prices will continue dominance of rubber price structures.

However, such influences being unavoidable, the minister indicated that Rubber and rubber value addition will result in foreign exchange earnings of about US$ 5 billion in the short run. Indicators were that oil prices will stabilise at current levels for about a year. Consequential to such stabilisation the projected US$ 5 billion earnings were real assessments of the rubber market.

Dissanayake noted that irrespective of reduced production, the recent price escalation of rubber placed Sri Lanka in the billion dollar foreign exchange earner segment in 2016. This would further improve with oil price influences gaining dollar value resulting in concomitant increases in rubber prices.

Read the source article at Global Rubber Markets News

VRG plants 90,000 hectares of rubber in Cambodia so far

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VRG plants 90,000 hectares of rubber in Cambodia so far VNA Print Workers at a rubber plantation (Photo: VNA) Phnom Penh (VNA) – The Vietnam Rubber Group (VRG) has planted more than 90,000 hectares of rubber trees in Cambodia in the past 10 years, 1,900 hectares of which have been producing latex.

Read the source article at Vietnam+ (VietnamPlus)

SNR-i registration update – 2016

IRSG is pleased to inform that by the end of 2016 thirty eight (38) companies/organisations have completed the self-declaration on the SNR-i. Among these 38 self-declared registrants, 58%  fall under processors, 21% under down-stream-tyre and 11% each under plantation and trader categories.

Established by the International Rubber Study Group (IRSG), SNR-i is a voluntary industry project to ensure that the rubber industry can build on its best practices plus demonstrate and communicate throughout the natural rubber value chain.

 

Read the source article at snr-i.org

Bernama – Rubber Industry Has Growth Potential, Says Mah

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Rubber Industry Has Growth Potential, Says Mah UPDATING FROM PARA 7 SUBANG JAYA, Dec 16 (Bernama) — The rubber industry still has the potential to move forward leveraging on science and technology innovation, says Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong. He said the industry will continue to be an important sector in the country due to its growth potential as well as being an income source for some 440,000 rubber smallholders.

Read the source article at Malaysian National News Agency ~ BERNAMA

NR: It’s time for a paradigm shift

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Natural rubber (NR) market is badly craving for a turnaround. Though a few positive signs are around, the long wait for a significant recovery on the price front is still elusive. The fundamentals of demand-supply are not that encouraging for the short-term. Forecasts by rubber bodies and experts do not predict an immediate recovery in NR prices. As per all the indications of market and economy trends, things may somewhat change for the better only after 2020

It’s quite apparent that the natural rubber (NR) plantation industry is currently going through one of the most troublesome periods due to the prolonged steep fall in prices. As rubber cultivation has become uneconomic, farmers have suspended tapping, new planing and replanting activities. Demand from the vast Chinese market has declined due to the country’s sluggish economic performance. There is a growing awareness among all concerned that depending on NR as a mono crop is not desirable. There needs to be a paradigm shift towards multi-cropping, partially cultivating other remunerative crops side by side with NR, and going in for more value addition of farm fresh latex. This was the crux of the deliberations at the recently held 9th Annual Conference of the Association of Natural Rubber Producing Countries (ANRPC) in the Northeastern Indian city of Guwahati.

Read the source article at Rubber Asia