A GROUP of rubber farmers in North Cotabato, Mindanao, Philippines are protesting against low prices of rubber cup lump in the province. The leader of the Free Tappers Association (FTA) in North Cotabato alleged that a cartel is “controlling” the…
Category: Pan-Asia
South and East Asia rubber news
Thai Minister urges lower production cost to push rubber price
THAILAND’s Deputy Prime Minister/Agriculture Minister Yukol Lim-laemthong encourages reduced production cost amidst declining rubber price. Yukol confirmed that last year’s export value of Thailand’s rubber fell, despite increasing the export quantity of the commodity to 3.2 million tonnes. The stagnant…
Rubber could boost rural economy in Indian state, says board commissioner
RECENTLY, Rubber Board of India (RBI) joint commissioner (rubber production), Sunny Varghes addressed farmers at the Maj Rubber Nursery and Plantation (MRNP) in Tarajulisaid, saying that rubber could boost the rural economy of Arunachal Pradesh. Rubber is a cash crop…
India extends validity of anti-dumping tax on rubber chemicals
INDIA’s Finance Ministry has extended for another year the enforced anti-dumping duty on certain rubber chemicals, used in treating natural rubber and synthetic rubber-based compounds, from China and South Korea. Anti-dumping duties for rubber chemicals MBT, CBS, TDQ, PVI, and…
Quingdao rubber inventory down by 3%
RUBBER inventories in China’s bonded warehouses dropped close to 3% in the past weeks as commercial banks refuse lending money to tyre makers forcing the latter to cut down imports and buy domestic stocks instead. Rubber at Qingdao has also…
Sumitomo Rubber posts drop in Q1 sales, earnings
SUMITOMO Rubber Industries Ltd. has reported sales and earnings slipped for the first quarter ended March 31. Operating income fell 6.5% to US$162.3 million in the first quarter. Sales also hit low at 1.8% to US$1.78 billion. Net income dropped…
Malaysian agricultural firm to develop rubber plantations in Cambodia
MALAYSIAN-based global agricultural and agri-commodities company, Felda Global Ventures Holdings Bhd (FGVH) will be developing rubber plantations in Cambodia as well as market its products including palm-oil based products in the country. These products will be marketed in Cambodia following…
Emrald Tyres joins upcoming Tyrexpo India
INDIAN tyres and wheels maker Emrald Tyres has confirmed its participation in the upcoming Tyrexpo India on 9-11 July at the Chennai Trade Centre. Chennai-based Emrald produces a complete range of tyres, tubes, rims and wheels for the materials handling…
India imports to rise as monsoon rains postpone tapping
THERE has been no rubber tapping in Kerala, India for more than two weeks because of monsoon rains, an industry official recently said. “Supply is extremely tight in the domestic markets as there’s been no production in the last 19…
EPDM prices to plunge further in Asia
ETHYLENE propylene diene monomer (EPDM) prices in Asia are likely to fall further with surplus stocks in Europe being offloaded into the region at cheaper prices, while demand in the key downstream automotive sector remains weak, industry sources said recently.…