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…
Category: Pan-Asia
South and East Asia rubber news
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…
China rubber stocks decline linked to Qingdao port fraud investigation
Rubber stocks in bonded warehouses in China’s Qingdao port have fallen about a tenth from a peak in May, partly on reduced demand for the commodity as a loan collateral after a fraud investigation at the port, industry sources said.…
Indian tyre makers beat global colleagues in returns
Shares of local tyre makers have surged over two-and-half times in the past year, returning four times more than their global peers. Analysts cite high profitability and growth, as well as cost competitiveness of the Indian manufacturers for this stellar…
Thailand NCPO allocates budget to assist rubber planters
The National Council for Peace and Order (NCPO) has resolved to allocate a total of 12 billion baht to assist rubber planters with their production costs and rehabilitate flood- and drought-affected people across the nation. According to Deputy Director-General of…
Indian govt forms panel to formulate national rubber policy
The commerce ministry has initiated a process to formulate a national rubber policy and to draw up a draft, it is setting up a committee of experts. The decision follows concerns expressed by rubber-consuming industries over a decline in both…