CHINA, which in previous quarters, had claimed of surplus rubber inventories at its Qingdao warehouses, purchased an estimated 54,000 metric tonnes of ribbed smoked sheet (RSS) grade natural rubber (NR) from local suppliers for government stockpiles, according to reports. About…
Category: Pan-Asia
South and East Asia rubber news
India’s plan to rubberise roads, shelved
INDIA’s Public Works Department (PWD) proposed to lay roads in Kerala with Rubber Modified Bitumen, but due to unavailability of the mix, this proposal is put off for later, according to reports. India’s leading oil refinery, Bharat Petroleum Corporation Limited…
Myanmar raises US$102 million in rubber exports
The Myanmar Ministry of Commerce says that Myanmar has earned more than US$102 million in raw rubber exports, up from US$94 million last year. Reports from export earnings published from April 1 to October 11 this year states that more…
Finished rubber goods manufacturers in India seek import duty hike
SMALL and medium rubber manufacturers in India have demanded an increase in the import duties of finished rubber products to enable the local units to vie competitively with the fast growing cheaper imports. There are about 5,000 SME rubber units…
India’s first rubber park comes undone
RUBBER Park India Limited, which claims to be the first industrial park in the world exclusively for rubber-based units, is still incomplete after nearly a decade it was accredited. As work on the State’s second rubber park got under way…
Vietnam anticipates US$4.5 billion rubber exports profit
Vietnam’s rubber sector anticipates to gain US$4.5 billion profit from rubber exports in 2013, higher than the figures recorded in 2012 (US$4.26 billion), according to the Vietnam Rubber Association (VRA). Rubber now ranks eighth among the country’s top export commodities…
Philippines backs Mindanao-wide rubber congress
THE Philippine’s Department of Agriculture (DA) in Soccsksargen Region will be scheming for a rubber growers congress to cover the entire Mindanao area. Spearheading the planning for the Mindanao Rubber Growers’ Congress are DA-Soccsksargen Regional Executive Director Amalia Jayag-Datukan, Regional…
Indian ministry promotes rubber cultivation amongst Maoists
INDIA”s Ministry of Home Affairs (MHA) is embarking on an initiative in the five worst Left Wing extremism (LWE)-affected States to provide Maoists with livelihood and income opportunities when they surrender arms. The MHA, in association with the Ministry of…
Karex uses strategy versus rubber price fluctuation
WORLD’s largest condom manufacturer by export, Karex Bhd, has its way to buffer the impact of fluctuating rubber and packaging price. This was revealed by its CEO Goh Miah Kiat, who says that the company has a price hedging mechanism…
Top buying countries’ weak economy curbs rubber exports from Indonesia
INDONESIA’s rubber exports, as well as selling price to China, the US and Japan have decreased, however the three countries remain its top buyers of rubber, specifically from North Samatra, according to the Secretary of the North Sumatra branch of…