Hlegu rubber lab to issue certificates when COVID restrictions eased

Myanmar Natural Rubber Quality Testing Lab in Hlegu will issue certificates when the government eases coronavirus restrictions. It depends on the pandemic situation, said U Khaing Myint, Myanmar Rubber Planters and Producers Association (MRPPA) secretary. At present, the pandemic stopped the operation of the lab. Under stay-at-home guidelines, we cannot do anything but instead stay […]

Pandemic-induced demand drives rubber price up

The growing demand for rubber products in the global market caused the price to increase up to K900 per pound in the domestic market, market data indicated. The growing demand of rubber gloves during the coronavirus pandemic, shortage of natural rubber, the appreciation of US dollar against Kyat are the reasons of the price rise, […]

Myanmar’s rubber exports exceed target for 2018-19

YANGON, Sept. 15 (Xinhua) — Myanmar exported 192,980 tons of rubber worth of 247.56 million U.S. dollars in the first 11 months from October to August of the present fiscal year 2018-19 , exceeding the targeted of 170,000 tons, according to the figures of the Ministry of Commerce on Sunday. The rubber exports increased by […]

Central rubber market to open after legislation

A central rubber market will open in 2019 after the new Rubber Law has been enacted, U Khaing Myint, secretary at the Myanmar Rubber Planters and Producers Association (MRPPA), told The Myanmar Times. The drafting is expected to complete by late this year and, as the parliament is unlikely to have lengthy discussions, the bill […]

Rubber price on the rise with demand from abroad

With increasing demand from abroad, the price of rubber is on the rise at Ks1,000 to Ks1,010 per pound, Mon State rubber entrepreneurs said. The price of Ribbed Smoked Sheet Type 3 (RSS- 3) rubber was between Ks800 and Ks850 per pound last month. The current rubber price has risen up to Ks1,010 per pound. […]

Myanmar rubber price hits record high

With the global rubber price rising, Myanmar’s rubber price hit a one-and-a-half-year record high of Ks1,000 per pound, according to the Myanmar Rubber Planters and Producers Association. Myanmar’s rubber RSS3 fetched about Ks800 per pound in early November. The Myanmar rubber price is positively related to that of global rubber. The prevailing rubber price hit […]

Rubber market sales stable despite high price

The export market of rubber is stable in spite of the current high price, which resulted from the rise in the global rubber price, businessmen said. Over 80 per cent of rubber production in Myanmar is slated for export to China. Local rubber consumption is below 10 per cent. However, the rubber demand in the […]

Rubber farmers struggle as prices fall

At Shwe Kokko Myaing’s rubber plantation in Myawady district, crowded trees stretch endlessly on either side of the road. The workers live in old dwellings by the roadside. The five children are used to looking after each other. The oldest, aged eight, rocks his sister’s cradle while fixing lunch for the middle three. Their mother […]

Poor Rubber Quality Hurting Exports: Association Secretary

Myanmar rubber is not good enough to export, even as growers complain that the price of $300-400 per tonne is unfairly low, according to U Khaing Myint, secretary of Myanmar Rubber Planters and Producers’ Association. Because of growing demand in the global rubber commodity market, rubber can be sold at standardised prices, but these can […]

Rubber price spike starts to erase losses

Rubber prices jumped last week in keeping with world prices and an improved exchange rate, but it is not enough to dig domestic producers out from mounting losses. International prices have plunged by as much as 75 percent from highs reached briefly in 2011, and local prices have kept pace. While there has been something […]