Category: Pan-Asia

South and East Asia rubber news

Fire hits rubber glove warehouse in Malaysia

Recently, a fire razed the warehouse of a factory that produces rubber gloves for medical use in the industrial area of Bandar Baru Salak Tinggi. The incident, which occurred at 9.45am, also destroyed several container lorries parked in the warehouse.…

Indonesian company expands rubber plantation

Astra Agro Lestari plans a fivefold increase in the size of cultivated land for its rubber plantation in Kalimantan this year by adding 2,000 hectares, in a bid to boost production. The agricultural arm of Astra International currently has 500…

Falling rubber prices affects Sri Lankan tappers

Sri Lanka’s rubber growers are being hit by falling world prices with production volumes also dropping due to a drought within the country, an industry association said. Deputy Chairman Planters’ Association of Ceylon (PA) and CRTA Vice Chairman S. S.…

Indian rubber market stays neutral

Spot rubber finished unchanged on Saturday. The week-end session was almost inactive and the market remained neutral amidst scattered transactions. Sheet rubber was quoted steady at Rs.145.00 a kg by traders and the Rubber Board. The grade finished flat at…

India to implement national policy on rubber

The government of India has agreed to help implement an ambitious National Policy on Rubber (NPoR) developed by the All India Rubber Industries Association (AIRIA). Announced April 1, the policy designates the Indian rubber industry as a “Sunrise Sector” bringing…

NMCE gets approval to launch rubber mini contracts

Forward Markets Commission has permitted national commodity bourse NMCE to launch rubber mini contracts for up to 5 tonnes from next month to increase the participation of small traders. Currently, the National Multi Commodity Exchange (NMCE) offers futures trading in…