News

NR Stocks Are Smaller Than Estimated 2015-09-30

Natural rubber stocks are smaller than estimated and the new chief executive of the International Rubber Consortium warned that with production falling, a shortage could be looming.  "The market's perception of high-level rubber stock, particularly at producing countries, needs to be corrected," said Salmiah...

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Korean firm proposes to install rubber dams in Pakistan 2015-09-28

Korean company Yooil engineering offered to invest US$100 million to build rubber dams in Pakistan to solve it water and power crisis. The company claims that the dams will be finished in five months—a tenth of the time it takes to build concrete dams. According to The Nation, Yooil engineering offered Water...

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India’s Rubber Board backs 100% foreign investment 2015-09-28

The Rubber Board supports a proposal allowing 100% foreign direct investment (FDI) in the rubber plantation sector. A Jayathilak, Rubber Board Chairman said that foreign investment is important to make the country self-sufficient in natural rubber. The Department of Industrial Policy and Promotion proposed 100% foreign...

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Rubber products' exports record 5% growth 2015-09-28

The increase in exports was boosted by non-tyre rubber products manufactured largely by around 5,500 rubber MSMEs Exports of rubber products, which have been growing at a healthy double digit rates for about two decades, have seen the growth rate dwindle in the last three financial years. This is a cause of concern as...

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Low Rubber Prices Could Drive Farmers Into Other Activities 2015-09-24

Rubber farmers could abandon growing the plant and move into other activities permanently if prices persist at their current low levels, potentially disrupting supply, the International Rubber Consortium in its latest weekly update.  "Currently, natural prices are mainly influenced by the global economic...

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Rubber is one of the worst performing commodities 2015-09-23

The past few months have seen a steady slump in rubber prices—making the commodity one of the worst performers of the year, according to Commodity Online. Tokyo rubber futures, for example have sunk 27% to a six-year low at to ¥167.80 a kilogram. In comparison, copper is down 15% in the last three months and...

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Rubber Assembly proposes a common trading platform 2015-09-23

Creating a common trading platform may be a way to strengthen rubber prices, according to Sheela Thomas, Association of Natural Rubber Producing Countries Assembly (ANRPC) Secretary-General. ANRPC’s ministerial level meeting was held at Kuala Lumpur and the deliberations based on the decisions of the Ministerial...

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Desert Shrub Crushed to Solve Rubber Conundrum That Taxed Edison 2015-09-16

At a test track in Texas last month, Cooper Tire & Rubber Co. researchers discovered they are getting close to accomplishing a feat that eluded the great American inventorThomas Edison. The tires in their road test outside of San Antonio were among the first made with rubber extracted from guayule (pronounced...

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