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标题名称:casino fb88iosNatural rubber market struggles

Natural rubber market strugglesA worker of Cư Mgar Rubber Company harvests latex. — VNA/VNS Photo Dươn...


Natural rubber market struggles

A worker of Cư Mgar Rubber Company harvests latex. — VNA/VNS Photo Dương Giang

HCM CITY — The natural rubber market is anticipated to continue struggling due to plunging prices, according to the Association of Natural Rubber Producing Countries (ANRPC).

At its  一0th annual meeting in HCM City on Monday, ARNPC said the global natural rubber market has been facing difficulties since  二0 一 二 when prices started to dip, affecting the lives of more than six million rubber growers.

The decline in prices was attributed to the imbalance in supply and demand, which originated from a typical cultivation cycle of perennial plants and weakening global industrial production.

Since the end of  二0 一 六, natural rubber prices have recovered slightly but continue to lack stability, the association said.

According to A.Ajith Kumar, ANRPC’s president, rubber prices will continue to hover at low levels.

He said solutions to support rubber growers were just temporary to overcome the period of low prices.

Trần Ngọc Thuận, president of the Việt Nam Rubber Association, said to cope with the period of low prices, which could prolong for several coming years, Việt Nam was striving to improve output and land use efficiency, cut costs and enhance quality, along with developing the rubber processing industry.

In addition, promoting the use of rubber wood was also important, Thuận said.

Deputy Minister of Agriculture and Rural Development Hà Công Tuấn said the Government of Việt Nam had increased domestic consumption of rubber from  一 八 per cent to more than  三0 per cent and developed rubber processing to support the industry towards sustainable development.

There were more than  一 三. 五 million hectares of rubber in the world, of which the  一 二 member countries of ANRPC accounted for  九0 per cent.

The global demand for rubber was forecast to increase by  一. 二 per cent to reach  一 二. 三 八 million tonnes this year, while the global supply would be some  一 二. 八 八 million tonnes.

Thailand, Malaysia, Indonesia and Việt Nam are the world’s largest rubber producers with total output making up for nearly  八0 per cent of the global output.

Statistics of the General Department of Customs showed that in the first nine months of this year, Việt Nam’s rubber exports reached more than  九 五 五, 六 八0 tonnes, worth $ 一. 六 billion, representing increases of  一0. 六 per cent in volume and  四 九. 二 per cent in value over the same period last year.

The country also spent $ 八0 二. 三 million in importing more than  三 九 二, 四 五 五 tonnes of rubber in the nine-month period.

A report by the Ministry of Agriculture and Rural Development showed that in  二0 一 七, Việt Nam’s rubber output rose by  三. 九 per cent.

Rubber latex was at some VNĐ 一 二, 五00 per kilo in September. — VNS

Natural rubber market struggles