THAILAND has approved a plan worth Baht 15 billion ($472 million) to buy 200,000 mt of natural rubber from local growers, news reports said Tuesday. The plan is aimed at supporting local natural rubber prices at Baht 120/kg. On Tuesday,…
Category: Pan-Asia
South and East Asia rubber news
Supermax sees up to 30pc growth
KUALA LUMPUR – Glove manufacturer Supermax Corp Bhd is projecting between 20 per cent and 30 per cent sales growth this year, boosted by stabilised rubber prices and manufacturing expansion plans. For the financial year ended December 31, 2011, the…
Rubber Board tie-up with ATMA to empower small growers
KOTTAYAM – The Rubber Board and the Agricultural Technology Management Agency have started an integrated programme for empowering the village level small grower organisations. The aim of the programme is to provide financial assistance for Rubber Producers’ Societies and Self…
Only 5.2% of Indian SMEs in rubber products sector to invest in computers
NEW DELHI – Only 5.2% of respondents in a survey of SMEs in the rubber and rubber products conducted by IndiaMART Knowledge Services revealed that they planned to invest in computers. This was so despite the fact that a large…
Cabinet authorizes BAAC to lend THB17Bil to prop up rubber prices
THAILAND – The Cabinet has green-lighted a special project to prop up local rubber price. Deputy government spokesman Anusorn Eiamsaard said that, at its weekly meeting, the Cabinet has resolved to approve a rubber-price support measure, as proposed by the…
Chiangrai farmers starting to grow rubber trees
THAILAND – Many farmers, lured by hearty annual returns of 800,000 baht per 20 rai, have abandoned rice for rubber farming across the North, Northeast and East. Some formerly debt-ridden landowners have been able to pay off their loans after…
Rubber may drop ‘sharply’ through March, Goldman Sachs says
THAILAND – Rubber may decline “sharply” through March as the end of the low-production season in Southeast Asia approaches and demand stays weak in China, the biggest consumer, said Goldman Sachs Group Inc. Prices have been “artificially inflated” after Thailand,…
Malaysia eyes India’s rubber automotive parts market
NEW DELHI – Malaysia, the world’s fourth largest natural rubber producer, now aims to sell rubber automotive parts in India’s vibrant automotive segment. Malaysian exporters are trying to squeeze into India’s already congested market, but are confident their quality products…
Indonesia’s 2012 rubber production growth may slow on weather
INDONESIA – Natural-rubber production in Indonesia, the second-largest grower, may increase at a slower pace this year as a moderate La Nina potentially disrupts tapping even as more trees are maturing, an industry group said. Output may rise 6.5 %…
Sri Lanka’s rubber traders face slow start in 2012
COLOMBO – Traders in the world’s seventh largest natural rubber exporter Sri Lanka fear that volumes for the first quarter may be low after the first auction in the new year failed to brighten prices, an official said here recently.…