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…
Tag: rubber
Slow, steady gain for Asian rubber in 2017
The Asian rubber industry is no stranger to fluctuations in commodity prices and upshot of market mechanisms. This year has jump started with improved rubber prices, compared to earlier quarters of last year, supported by increasing crude oil prices and healthy domestic…
Kerala exports Rs30 mn worth of rubber to Brazilian company
Manimalayar Rubbers Private Ltd., a company owned jointly by India’s Rubber Board and the Rubber Producers’ Societies (RPSs), is venturing into rubber exportation with the sales deal it made with by Industria de Artefatos de Borracha, a company based at…
Ghana Rubber to begin construction of EUR50 mn rubber factory
The Ghana Rubber Estate Limited (GREL), which has the largest industrial rubber plantation in the West African nation, is set to start construction of its EUR50 million rubber factory at Agona in the Western Region. Upon completion, the facility will…
Philippines’ House of Representatives moves forward with PhilRubber board
The committee on agriculture and food inside the House of Representatives in the Philippines is moving forward with the creation of the proposed Philippine Rubber Industry Development Board (PhilRubber) that will help expand the markets of the country’s rubber industry.…
Preferred Compounding adds elastomer compounding machinery in Mexico
Custom rubber compounder Preferred Compounding is bringing online a 75-litre tilt mixer dedicated to specialty elastomers in its production facility in Mexico to meet the demands for FKM, HNBR, ECO and other high performance elastomer (HPE) compounds. The first of…
Malaysia to build rubberised roads to boost domestic rubber consumption
Malaysia will start the construction of rubberised roads all over the country this year in order to increase domestic rubber consumption, according to Malaysia’s Plantation Industries and Commodities Ministry. Its minister, Datuk Seri Mah Siew Keong, said the move would…
Rubber MSMEs in India urge import duty increase on finished rubber products
Micro, Small and Medium Enterprises in India’s rubber industry are calling for an increase in import duty on manufactured rubber goods entering the country. They are asking for import duties to be increased to 30% from the current maximum of…
ANRPC says global rubber price hike in 2017 will not be substantial
The Association of Natural Rubber Producing Countries (ANRPC) is expecting that any global rubber price increase happening in 2017 will not be substantial, despite the analysis of the International Monetary Fund (IMF) saying natural rubber price would gain much in…
Rubber farmers, production in Thailand worst hit by flooding
Rubber production in Southern Thailand is experiencing the worst impact they have had in 10 years due to flooding in the area, said Uthai Sonlucksub, president of the Natural Rubber Council of Thailand. Uthai said that the rubber farmers in…