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.…
Category: Pan-Asia
South and East Asia rubber news
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…
Uzhimprom to construct tyre plant in Uzbekistan
The “Uzhimprom” State Joint Stock Company (SJC) plans to bring the results of the tender for the construction of the plant on the production of car tires worth $230 million in late June and early July, the company’s representative told…
MRDP builds rubber facility to boost Philippine rubber industry
Rubber processing will be given a big boost with the establishment of P31.6 million natural crumb rubber processing in Prosperidad, Agusan del Sur. The facility, which will be turned over this month, is a big-ticket project of the Mindanao Rural…
Planters association in India aspires to ban imports of rubber
Concerned over fall in rubber prices, the Association of Planters of Kerala (APK) has urged the Centre to ban imports of rubber to protect growers from further crisis. Prices of natural rubber, according to APK, have dropped to a five-year…
Thai rubber planters plans to ask NCPO for help
Rubber growers nationwide are planning to ask the National Council for Peace and Order (NCPO) to help shore up rubber prices which have dropped sharply in the country, said Uthai Sornlaksap, chairman of the Thai Rubber Council. Mr Uthai said…
Myanmar rubber production increase causes smuggling to surge
Recent increases in rubber production are not reflected in export statistics, leading officials to conclude that illegal exports are on the rise. Trucks carrying raw rubber wrapped in plastic to conceal the smell often try to slip undetected through the…
Rubber plantations in Myanmar operates at a loss due to price fall
A number of rubber plantations are operating at a loss due to falling price of natural rubber which drops to US$1,700 per ton this month from $2,600 at the end of 2013. Rubber farmers have aired their grievances, particularly the…