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IT is an established fact that rubber smallholders, over decades of their existence, have been subjected to boom and bust cycles as characterised by vagaries of widely fluctuating rubber prices. They are at the mercy and held to ransom by rubber prices, over which they have no influence or control whatsoever.
KUALA LUMPUR: The Malaysian Rubber Board (MRB) is planning to launch a second edition of strategies for the local rubber industry within the next few months in view of the new challenges and prolonged issues in the thriving industry, according to director-general Datuk Dr Salmiah Ahmad.
BANGKOK: Prime Minister Prayut Chan-o-cha has instructed government agencies to expedite their purchase of natural rubber in the local market as part of a bid to boost domestic demand and help prop up falling prices, a government spokesman said.
LAUNCESTON, Australia: Pop quiz. Of the major commodities where China is the world's biggest buyer, which has seen the largest increase in imports so far this year? The answer is rubber, both natural and synthetic.
ON the surface, it looks like tough times for rubber glove makers — with raw material costs escalating and a weaker US dollar against the ringgit potentially eating into revenue.
SINGAPORE: The International Rubber Consortium (IRCo), which represents rubber producers of Thailand, Indonesia and Malaysia, has recommended its members should not sell natural rubber at the current low prices.