The government of Thailand is still deciding whether or not it will extend its rubber intervention scheme when it expires in March; stocks in the world’s biggest producer of the commodity are likely to rise until then, a senior official said.
Category: Pan-Asia
South and East Asia rubber news
Bridgestone to open Thai technology centre
Bridgestone Corp. plans to establish a US$42 million technical centre in Bangkok this year to cover development work for the firm’s activities throughout Asia Pacific. The centre will be operational by July under the direction of Bridgestone Asia Pacific Pte. Ltd.
Cambodia rubber exports climb 17% in 2012
Cambodia recorded a 17% rise in rubber latex exports in 2012; however, the revenues from the exports went down by 21% due to declining rubber prices in the international market, a recent government statistics showed.
China’s auto rubber hose market expands, says report
Demand has reached 387.03 million metres in 2011, valued at RMB14.514 billion; and capacity is expected to surge up to 487.41 million metres valued at RMB 18.278 billion by 2015.
Indian Rubber Board provides financial assistance to smallholders
Funds of up to Rs25 lakh will be extended to various groups in the smallholder sector.
Top Glove to hike up prices by 5%
Following the new wage law, raising glove prices is a solution the company is taking to maintain profits.
Capexil to promote export opportunities at Tyrexpo India
The council represents 3,500-member companies across India, many of whom are involved in the export of tyres, rubber materials and associated products.
Global demand for natural rubber still positive in 2013
Bustling industrial activities in emerging economies; and fiscal stimulus in Japan and the US are likely to drive demand.
Thai rubber exports forecast to grow
Higher demand from emerging markets of China, India and Brazil are seen to propel Thailand’s rubber exports, which is estimated to grow by 3 to 5%.
India’s synthetic rubber demand goes up by 6%
Consumption of SR climbed by 6% to 2.26 lakh tonnes in the first half of this fiscal year, according to the Indian Rubber Board.