The Deputy Agriculture Minister, Yuthapong Charassathien stated that the scheme is no longer necessary since prices have reached the levels that are satisfactory for the farmers.
Category: Pan-Asia
South and East Asia rubber news
JK Tyre to expand domestic tyre capacity
An investment proposal of Rs.160 crore for the expansion is given a green light from the company’s board.
India tops in rubber delivery in January
AN estimated 1,606 metric tonnes of rubber delivery was accounted in January, an 80.45% increase from the previous year’s 890 metric tonnes.
Philippine investments board sets new roadmap for auto industry
The new road map aims to develop local manufacturing as well as make locally produced cars more affordable without reducing the excise taxes imposed on these vehicles.
RP labour agency halts city tyre plant operations
THE Philippine’s Department of Labour and Employment (DOLE) has issued a work cessation order on a rubber tyre plant in Valenzuela City, Metro Manila due to a recent mishap that killed a mechanic working for the plant. Based on investigations…
Kumho sponsors autosport series in China
The South Korean tyre manufacturer will become the race’s official tyre supplier, outbidding Yokohama and Michelin in the deal.
High cost, tight supply support Asia butyl glycol
Demand for BG from the downstream solvents sector in China is low amidst a weak global economy.
Indonesia proposes rubber be made environmentally friendly
The country proposed to Asia-Pacific Economic Cooperation Summit to put palm oil and rubber on the list of environmental goods.
Booming rubber tree business in Philippines
The Department of Trade and Industry (DTI) in Quezon is collaborating with a private group that will invest in a rubber tree plantation within the province. Pablito Budoy of DTI-Quezon said at present, a rubber tree plantation in Gen. Nakar and Real, Quezon can be expanded with the aim of supplying the local and world market with raw materials for car tires, rubber slippers and other items made of rubber.
China tyre imports increase
Imports of car tyres from China doubled in October and November 2012, according to the Global Trade Information Services Inc. (GTIS) data.
Imports from China surged to 3.56 million units in October last year from 1.74 million a year earlier; whilst in November, the imports hiked up to 3.19 million units from the previous 1.64 million.