Natural rubber production by members of the Association of Natural Rubber Producing Countries (ANRPC) is estimated to have reached 2.499 million tonnes, showing a 2% increase in the first three months of 2017 compared to the same period a year…
Tag: rubber prices
Rubber export option brings hope to Indian growers despite low local prices
Local rubber growers and tappers in India are optimistic this tapping season despite falling domestic prices as production is forecasted to increase and export options open up. “The season for tapping latex was to wind up in February. But because…
India’s NR output likely to go up 15% as farmers go back to tapping
India’s natural rubber (NR) production in 2017-18 is expected to rise 15% to its highest in four years at 750,000 tonnes as rubber farmers take advantage of the current rally in natural rubber prices and go back to tapping trees,…
Rubber prices seeing an upward trend due to supply cut, better economies
The price of rubber in the global commodities market is expected to rise up to US$2,500 per tonne due to the improved state of the world economy and the joint efforts of four major rubber-producing countries – Malaysia, Vietnam, Thailand,…
Global natural rubber prices hit a six-month high with 27% increase
Global prices for natural rubber (NR) soared to a six-month high, with benchmark futures prices on the Tokyo Commodity Exchange (TOCOM) up 27% from the recent low in late August this year. TOCOM’s RSS3 rubber sheets contract for April 2017…
MPIC minister: No special fund to raise rubber prices in Malaysia
The Malaysian government does not have a special fund dedicated to help raise the rubber prices in the country, according to the country’s Ministry of Plantation Industries and Commodities (MPIC) and its minister Datuk Seri Mah Siew Keong. However, the…
Local demand to lift rubber prices
As Yen goes weaker and Chinese economy goes stronger, the Malaysia rubber market is expecting to be stable this week as the demand for rubber grows.