The Philippine rubber industry is hoping to grow as the word rubber demand is expected to jump higher in the next 10 years.
Tyre manufacturers have increased their cost as the rubber prices are sent back to the bull market.
Small enterprise holders in Malaysia received benefits from the government through Budget 2013.
Rubber received its fourth month on the high exporters cut their shipment to decrease the supply and increase the demand and the price.
The new regulations in tyre production of some countries that uses synthetic rubber encourages the use of eco-friendly tyres.
Kamarul Baharain Basir, the Secretary-General of the Association of National Rubber Producing Countries, said that the rubber supply around the world has increased to 4.7 percent while the demand has increased to 4.8 percent.
The German specialty chemicals company Lanxess has announced its mid-term goal to achieve its target earning by one year.
The Philippine government is widening its rubber plantation by acquiring 10,000 hectares of land each year to achieve the target of 200,000 hectares of rubber plantation by 2016.
Thailand approves additional budget to buy more rubber from local farmers to aid in boosting the price of natural rubber in the market.
The Rubber Industry Smallholders Development Authority (RISDA) has received RM397 worth of budget to replant rubber trees and boost the country’s production of natural rubber.