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    Home > Chemicals Industry > Rubber Plastic News > Myanmar's natural rubber production drops and prices rise rapidly

    Myanmar's natural rubber production drops and prices rise rapidly

    • Last Update: 2021-07-22
    • Source: Internet
    • Author: User
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      "Myanmar Global Shin Kong Daily" reported on April 7 that due to bad weather, Myanmar's natural rubber production has fallen and prices have risen
    Dry rubber raw materials rose from 550 kyats (approximately RMB 2.
    8) per pound in the same period last year to 830 kyats (approximately RMB 4.
    2) per pound

    The price of dry glue rose from 400 kyats (approximately RMB 2) per pound in the same period last year to 600 kyats (approximately RMB 3) per pound

    At the same time, due to the impact of rainfall, latex production has declined, and the rubber production per 10 acres of rubber plantation has dropped from 40 pounds to 25 pounds

    It is reported that Myanmar can produce about 300,000 tons of natural rubber each year, 70% of which are exported to China

    Last fiscal year, Myanmar exported 200,000 tons of rubber, valued at 240 million U.

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