Rubber industry to be stamped with new law

A new law is being drafted to promote Myanmar’s rubber sector, as the commodity’s international value plummets and a number of plantations across the country are forced out of business. The law is being drawn up under Myanmar’s National Export Strategy, said U Khine Myint, secretary of the Myanmar Rubber Planting and Producing Association (MRPPA). […]

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 […]

Myanmar to Work toward Higher Quality Rubber Exports

As rubber is a potential export with a high economic potential, it has been included in a list of export preferences, and will be subject to quality inspections and certification, according to an official from the Ministry of Economics and Trade. A lab has been built in Hlegu township in Yangon to test and control […]