Rubber exports drop in April compared to March

Myanmar’s rubber exports, through both sea routes and border gates, recorded a decline in volume last month compared to March, according to news provided by the commerce ministry online.

Between 1 and 27 April, some 3,577 tonnes of rubber worth US$3.55 million were sent to the neighbouring countries. The figure is down by 2,850 tonnes compared to March.

Similarly, more than 2,130 tonnes of rubber, with an estimated value of $2.79 million, were shipped via sea from 1 to 28 April. The export volume in April declined by 1,172 tonnes compared to March.

More than 1,400 tonnes of rubber valued at $1.47 million were exported through the Myanmar-China border gates and the Myanmar-Thailand border gates within a week from 28 April to 4 May.

The export volumes recorded were: 395 tonnes of ribbed smoke sheets RSS-1 and 791 tonnes of RSS3 rubber at Muse 105th Mile gate, 19 tonnes of RSS3 at Lwejel gate, and 133 tonnes of RSS3 at Chinshwehaw gate. The Kawthoung gate between Myanmar and Thailand border saw 100 tonnes of rubber being exported. Rubber RSS3 fetches Ks16.17 million per tonne at the Muse gate. The week’s export volume is also down by 46 tonnes against the previous week’s, but the price is on the higher side this week.

In sea trade, some 1,390 tonnes of rubber worth $1.77 million were exported to China, Japan, Malaysia, India and Singapore within a week from 29 April to 5 May, with 126 tonnes of Myanmar standard rubber MSR20 being exported to China, 196 tonnes of MSR20 to Japan, 200 tonnes of RSS3 to Malaysia, along with 210 tonnes of mixtures of natural and synthetic rubber. More than 60 tonnes of MSR-10 were sent to India, and 302 tonnes of MSR-20 and 300 tonnes of RSS3 were sent to Singapore. The export volume is up by 1,131 tonnes compared to the previous week.

This week, the rubber price has been fluctuating. The Free on Board rubber export price remained unchanged, according to the price set by the Myanmar Rubber Planters and Producers Association.

GNLM

Ref; The Global New Light of Myanmar