MYANMAR: Local rubber price remains unchanged

"When the dollar is strong, rubber price in Myanmar tends to rise,” said U Khine Myint, secretary of Myanmar Rubber Planters and Producers Association. "But now, it does not increase or decrease significantly.”

International rubber price has also remained stable despite China, the world's top importer of rubber, purchasing less rubber in the international market.

"Previously, China bought large amount of rubber but now they buy only the required amount they need. Thus, international rubber price still remains at USD 1,600 per tonne,” said U Khine Myint, said.

Currently, the price of rubber for one tonne of RSS3 type in international market is about USD 1,600 and in local market, one pound of RSS3 type is Ks. 600 (USD 0.6).

Local rubber price has been decreasing for two consecutive years and local rubber producers are not making any profit. The money from rubber sale is only enough to pay wages for workers and costs of the plantation.

Source: Daily "Eleven Myanmar”, Yangon; 14 Nov 2014
(Syed Rashid Ali, Karachi, Pakistan)