While the huge reserve of “black gold” (petroleum) in Wokha district remains untapped due to differences between the state government and land owners, people of this district have already started prospecting for “”white gold” or rubber. And the rush for…
Category: Pan-Asia
South and East Asia rubber news
Vietnam Ministry of Finance plans to cut rubber export tax to zero
Vietnam Briefing reports, “In an effort to help Vietnamese companies compete in the world market, the Ministry of Finance is considering cutting the rubber export tax to zero from the current rate of one percent. On November 11, 2013, Vietnam’s…
Indian natural rubber imports surged despite rise in local output
The Economic Times reports, “India’s natural rubber imports in June surged 41.5 percent from a year ago to 32,550 metric tons despite a rise in local output, the state-run Rubber Board said, as a drop in global prices prompted local…
Association of Planters of Kerala criticizes rubber policy committee
The Association of Planters of Kerala (APK) has come out against the composition of the expert committee constituted by the Union Government to formulate the ‘national rubber policy’. The Association alleged that natural rubber growers have been ignored and relegated…
Indian tyre industry sought a review on trade agreements
The tyre industry has sought a review of India’s regional trade agreements that adversely impact the domestic tyre industry. In a pre-budget memorandum to the Finance Ministry, the industry pointed out that tyres in large volumes are finding entry into…
Thai government finding ways to reduce cost of rubber production
The Office of the Rubber Replanting Aid Fund (ORRAF) is under the process of finding measures to lower the cost of rubber production to alleviate the plight of rubber farmers. The ORRAF is also planning a long-term plan in switching…
Legal framework for extensive tyre recycling industry in Oman
Oman Environmental Services Holding (be’ah), the key organisation responsible for solid waste management, is working closely with several authorities to put the required legal framework in place so as to pave the way for a multi-million riyal scrap tyres’ recycling…
Malaysian PM announces one-off aid payment for rubber tappers and smallholders
Prime Minister Datuk Seri Najib Razak today announced a one-off aid payment of RM500 for 43,000 rubber tappers and smallholders nationwide this Ramadan. He said the aid, proposed by the Rural and Regional Development Ministry, could help lessen the financial…
Vietnam farmers eliminates hectares of rubber plantations due to rubber price fall
Thousands of hectares of rubber trees in the eastern and central regions have been eliminated since the price of latex rubber, once described as “white gold”, has plummeted on the world market. According to Vuong Quoc Thoi, Director of the…
TIA denied USW request on Chinese tyre duties
The Tire Industry Association (TIA) has come out in opposition of the United Steelworkers (USW) union’s June 3 petitions to the International Trade Commission requesting antidumping and countervailing duties against passenger and light truck tyres imported from China. “TIA is…