MYANMAR’s rubber exports earning swung low by US$80 million, despite an increase in rubber exported this year compared to the previous year, due to the low global rubber price at US$400 per tonne.
In a statement by the Myanmar Rubber Producers Association, it said that US$320 million was earned from exporting 78,000 tonnes of rubber in the 2011-12 fiscal year, whilst in 2012-13 fiscal year, only US$239 million was earned from exporting 82,000 tonnes of rubber.
The current prices for rubber on April 8 are US$2,700 to US$2,800 per tonne for RSS-3 and US$2,600 to US$2,700 per tonne for RSS-5.