Rubber

Cambodia’s rubber industry’s woes have begun to crystallise after two major rubber plantations announced deep losses yesterday, attributing their downturn to high production costs and a drop in global rubber prices. ...

Rubber producers said yesterday the government’s decision to amend the export tax scheme on natural rubber fell short of expectations and would do little to stem the losses of farmers as rubber prices hover near a six-year low. ...

Cambodian rubber producers expect global prices will recover this year after the four leading-rubber producing countries agreed to cut their supply to the global market over the next six months to boost prices. ...

The government will consider suspending its $50 per ton export duty on rubber following lobbying by local producers who say they are operating at a loss due to the sharp fall in global prices for the commodity, Agriculture Ministry secretary of state Eang Sophalleth said ...

Local rubber producers yesterday expressed little enthusiasm to attend this year’s Global Rubber Conference, which opens today in Ho Chi Minh City, voicing pessimism about the gloomy market for natural rubber and scepticism on whether the conference would yield any solutions to producers’ pricing problems.Among ...

Rubber and palm oil giant the Socfin Group has committed to a global “zero-deforestation policy” across Africa and Asia amid a legal dispute with ethnic Bunong communities in Mondulkiri province’s Bousraa commune. ...

Cambodia has declined to join the world’s largest rubber production group, the International Tripartite Rubber Council (ITRC), because there is no benefit in doing so now, a senior official and an industry executive say.  ...

The Tan Bien-Kampong Thom Development Company opened a rubber latex processing plant in Cambodia yesterday. ​ Fourteen VRG affiliates are implementing 18 rubber projects in Cambodia on 90,000 of the 130,000ha of land allocated for their use. ...

Cambodia exported 61,969 tons of dry rubber in the first six months of 2015, an increase of 47% from 42,189 tons over the same period last year, according to the Chinese State News Agency-Xinhua’s report. ...

For Sam Phat and her family, the decision 10 years ago to plant rubber trees on their hectare of land was an easy one. Because of booming demand, mostly from China, rubber prices were high, and the startup cost of planting trees was low. ...

Environment Minister Say Sam Al was in Preah Vihear province on Sunday to help inaugurate Try Pheap’s newest project, a $52-million rubber plantation and additional facilities that the timber magnate has cleared thousands of hectares of protected forest to build. ...

Land conversions for rubber plantations in continental South-East Asia have expanded to areas where rubber is not historically grown, posing risks to both farmers’ livelihoods and environment conservation. The study defines continental South-East Asia as comprising Cambodia, China, Laos, Myanmar, Thailand and Vietnam.​ ...

Local officials apologized yesterday to the Vietnamese owners of a rubber plantation in this northwestern province, after a dispute with local residents spiraled out of control a day earlier with angry villagers setting a company building aflame.  ...

The Ministry of Agriculture, Forestry and Fisheries has postponed the finalisation of a draft rubber law amid declining rubber prices, according to a senior official. Under the draft law, producers must be more selective in choosing the type of rubber for plantation and only processed ...

Cambodian natural rubber prices rose by about 20 percent last month compared to the same time last year as a result of major global producers reducing supply to the international market, officials and rubber producers said Monday. ...

A booming natural rubber market fueled by the global tire industry is proving “catastrophic” for endangered species in Cambodia and the rest of Southeast Asia, U.K. researchers argue in a new paper. ...

Vietnam has agreed to join Thailand, Malaysia and Indonesia in a regional trading network aimed at shoring up rubber prices. Thailand has lobbied other rubber-producing countries in the region, including Laos, Cambodia and Myanmar, to form the council. Officials are expected to meet on April ...

Cambodia recorded a 33 percent rise in dry rubber exports volume in 2014, but the revenue decreased by 8 percent due to a plunge in global rubber price, according to figures from the Ministry of Commerce on Saturday. ...

An illicit cross-border rubber trade is thriving in Cambodia amid plummeting global prices and is threatening legitimate processing operations in the country, according to business owners and industry experts. And while Cambodia’s natural rubber export tariffs are set at between 2 and 10 percent, Vietnam ...

Officials from Southeast Asia’s natural rubber-producing nations met in Kuala Lumpur yesterday for the 12th International Tripartite Rubber Council (ITRC). Cambodia, Laos, Myanmar and Vietnam (CLMV) joined ITRC core nations – Thailand, Indonesia and Malaysia – for the event, which is being touted as a joint ...

About 500 villagers involved in a protracted land dispute with a rubber company blocked National Road 7 in Tbong Khmum province’s Memot district on Thursday to demand titles to land they say they have lived on since 1980. ...

Cambodia’s small rubber farmers are hoping a commitment to stabilise prices among rubber producing countries will help curb sliding profits in the sector. Industry representatives from Thailand, Indonesia, Vietnam, Malaysia, Cambodia and other rubber producing countries met in Malaysia last week to discuss what can be ...

Cambodian rubber industry representatives met with Asia’s major exporters of the commodity last week to set a floor price for natural rubber in an effort to salvage an industry suffering from plummeting values. ...

Resintech Bhd, a local Polyethylene and poly vinyl chloride (PVC) pipe manufacturer, will tap into the rubber plantation sector in a bid to diversify its business segment given the healthy outlook on the rubber industry. Resintech’s managing director Datuk Teh Kim Poo said that according to ...