Tuesday, August 1, 2017

Rubber production season comes to a close

 July 31, 2017
As the rubber production season comes to a close, Myanmar exports have begun to decline and with decreasing supply, prices have begun to climb, according to rubber traders in Mon State.

Mon State rubber producers primarily export their rubber to Thailand and China through Muse, Myawady, Kawthoung and Tachileik, said U Moe Oo, a rubber businessman in Mon State.

Myanmar rubber prices at “free-on-board” prices – the price of goods including shipping costs – increased US$50 per ton for ribbed smoked sheets (RSS) and over $100 per ton for Myanmar Standard Rubber (MSR) rubber, according to the Myanmar Rubber Planters and Producers Association.

Rubber prices for this week are $1,600 to $1,700 per ton for RSS 1, $1,550 to $1,650 for RSS 2, $1,500 to $1,600 for RSS 3, $1,450 to $1,550 for RSS 4, $1,400 to $1500 for RSS 5, $950 to $2,050 for MSR 3L, $1,600 to $1,700 for MSR 10, $1,450 to $1,550 for MSR 20, $1,350 to $1,450 for MSR 50 and $1,250 to $1,350 for Crepe Rubber.

In the last financial year, over 100,000 tons of rubber worth $180 million were exported to abroad.
Nearly 100,000 acres of rubber are growing now in Mon State.
Zar Lin Thu
Ref; The Global New Light of Myanmar

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