The government of Thailand is said to buy 3 Billion Baht worth of rubber to local farmers to increase the prices of rubber in the rubber market.
Futures rally due to Fed move
Rubber Futures rally in Asia as the US Federal Reserve announced it news move to boost the job growth rate of in the US and its economy in general.
DuPont and Ansell Colludes
DuPont, a leading company for chemical and industrial products and Ansell, a leading manufacturer of gloves work together to produce more comfortable and durable gloves.
Arunachal districts immensely cultivating rubber
Arunachal districts in India have massively cultivated their lands to increase the production of rubber. The Rubber Industry of India has set up rubber plantations in East Siang, Telam Seren and Dipa, Niglok, Ngorlung, Nari and Bilat and areas to reach their target of production.
Increase in the natural rubber production dismissed according to ANRPC
Natural rubber production that is expected to rise in 2012 is declined as Malaysia, Thailand and Indonesia cuts down old rubber trees, the export and the production to increase its price in the rubber industries.
Tyre manufacturers purchasing rubber in Southeast Asia
Tires makers have been busy buying rubber from Southeast Asia as the prices of rubber in the rubber market is expected to rise due to the US Federal Reserve.
El Niño to decrease Indonesia’s rubber production
Indonesia’s rubber production is anticipated to fall this year as the country gets affected by El Niño.
Thai rubber producers to cut 100,000 tons production in the 4th quarter
Local producers of rubber in Thailand agreed to cut down the production to by 100,000 tons starting October this year to boost the price of raw materials in the market.
RM300m to RM500m to be invested in automation by Glove makers
Malaysia rubber glove makers to increase investment, improve the automation system, reduce the labour cost and boost the employment of locals.
Border Near Kedah, potential for growth according to Najib and Yingluck
Prime Minister of Malaysia, Datuk Seri Najib Tun Razak and Prime Minister of Thailand, Yingluck Shina-watra, agreed to work together to develop Kedah, the border of both countries into a Rubber City.