MYANMAR: Rubber plantations facing losses due to price drop

Rubber farmers have aired their grievances, particularly the widening deficit between production cost and selling price.Farmers growing inferior rubber varieties are hardest hit by the price drop. Local rubber price hinges on the international price fluctuation. In booming market, rubber price used to soar to USD 3,000 per ton.

At present, local price for ribbed smoke sheet (RSS3) rubber is being quoted at USD 0.6 per pound, dropping from USD 0.7. This is for export-quality rubber. The lower grade is traded at USD 0.4.

The country exports rubber through border trade and maritime transport. The problem in volatile rubber market is exacerbated by the fact that the local rubber production is on the rise while the price is spiraling downward.

Source: Daily "Eleven Myanmar”, Yangon;  8 June 2014
(Syed Rashid Ali, Karachi, Pakistan)