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Rubber production projected to grow upto 10 Million Tons
Posted on : 25 Jan, 2012
Owing to the increased output from China, Indonesia and Malaysia, rubber output saw a significant increase in 2011 as reported by Association of Natural Rubber Producing Countries. 92 percent of global supply were by the association members and is forecasted to rise to million metric tons.
According to Jom Jacob, a senior economist at the Kuala Lumpur-based association, there has been a marginal improvement yet concerns over availability of natural rubber still persist. Amid the staggering U.S. economy and deepening European debt crisis , rubber futures have lost 27 percent. Natural rubber market may continue to stay fragile while the demand-supply situation holds the price commented Jacob.
Mr. Jom Jacob, Senior Economist, The Association of Natural Rubber Producing Countries (ANRPC) provides more such insights in his presentation entitled “Volatility in Natural Rubber Prices: Causes & Consequences” at CMT’s 2nd RubberPLANT Summit in Bali, on the 6th & 7th of Feb 2012.
Excerpt from Rubbermarketnews
Multistrada to invest 3 trillion Rp for rubber plantation
Posted on : 29 Dec, 2011
The tire producer Multistrada, whose stakeholders include Northstar who recently bought 20% stakes, PVP XVII Pte Ltd with a 27.32% stake, PT Central Sole Agency with an 11%, PT Indokemika Jayatama with 3.18% and the rest held by the public, plans to invest 3 trillion rupiah to expand into the rubber plantation business as it seeks improved access to raw materials.
The Jakarta-based company intends to raise Rp 1.53 trillion through rights issue to expand its business and working capital. The company plans to use 26% of the proceeds to expand its rubber plantations. The remaining 44% of the proceeds will be used to buy tire production machinery with the rest allocated to add working capital.
Indonesia has long been regarded as the world's second largest rubber producer. To provide first-hand market insights on investment climate and policies to develop the rubber sector in countries like Indonesia, Philippines, Papua New Guinea, Sri Lanka, etc CMT is hosting its 2nd RubberPLANT Summit in Bali, Indonesia on the 6th & 7th of Feb 2012. Besides extensive information on the key developments in rubber industry in the region, the 1.5 day event promises to examine the rubber economics and how the natural rubber sector will evolve from 2012 onwards.
OVER A MILLION TONNES RUBBER SHORTAGE BY 2020
Posted on : 01 Dec, 2011
According to Dr Evans, Secretary General, International Rubber Study Group (IRSG), the supply of NR and SR will be short over the coming decade versus anticipated demand, although China and India’s automotive sectors will continue to support demand. The global oil/natural gas position and their impact on butadiene and synthetic rubber availability play a vital role along with other potential negative factors such as climate change, alternative crops, labour availability, land use, etc. According to Dr Evans, NR consumption by the year 2020 is expected to reach 16.5 million tonnes with tyre industry accounting for 12.6 million tonnes and general rubber goods industry 3.9%.
It is forecasted that the global demand for rubber, both natural and synthetic, is to rise to 25.7 million tonnes in 2011. The high market price has stimulated a surge in tapping and also planting and that will be a significant way to close the supply gap. Dr Evans added that this is currently taking place in Myanmar, Cambodia and in Indonesia where farmers are highly sensitive to prices.
In reference to above, CMT’s 2nd RubberPLANT Summit scheduled on the 6th & 7th of Feb 2012 in Bali intends to invite Mr. Pawan Kumar, Associate Director (Food & Agribusiness Research & Advisory) from Rabobank International to share his reflections on Global Rubber Economics & Market Fundamentals including the supply /demand balance and trends and drivers of the demand side as well as challenges faced by the sector.
Those keen on listening in to analysis and comparative assessments of the natural rubber producing countries in the region should plan to REGISTER or email Ms Hafizah at email@example.com to reserve your seat.
Source: Rubber Asia
Malaysia says 2012 rubber output to grow on higher acreage, replanting
Posted on : 08 Nov, 2011
The Malaysian government in its economic report mentioned that the Malaysian rubber production may expand next year on improving yields and higher acreage. Efforts are being made to increase rubber productivity to reach the target of two million tonnes output by 2020. Malaysia is the third biggest producer of rubber after Thailand and Indonesia. Acreage expansion for rubber is due to opening up of 30,000 hectares of land in Sabah and Sarawak states of Borneo island.
Malaysia, and many other rubber producing countries are seeking new lands and rehabilitating old plantations to increase productivity and meet rising demand. Indeed, significant changes are also enveloping traditional rubber planting countries like Malaysia and Indonesia, not forgetting emerging land banks and availability in countries like Myanmar and Papua New Guinea.
The above are just some of the vital subject areas that make up the focal points of discussion at the CMT’s 2nd RubberPLANT Summit to be held on the 6th & 7th of Feb 2012!
Projected to run for 1.5 days , the program details are currently being finalized and anticipated to be completed soon. For now, to receive a draft agenda and additional information one may click here or email firstname.lastname@example.org
Thai Investors develop rubber saplings with longer productivity. Hot topic to be explored at 2nd RubberPlant Summit in Bali!
Posted on : 16 Sep, 2011
The positive outlook for natural rubber in the next few years has prompted Thai investors to expand rubber plantations both locally and abroad. Dhanin Chearavanont, Chairman of the agribusiness heavyweight CP Group, announced that the group would place more emphasis on rubber and aimed to lead the business within the next few years.
With the rising demand for rubber, research institutes and agro-companies are racing to develop new and better varieties of clones for increased yield and performance. In line with such scenario, 2nd RubberPlant Summit to be held in Bali on 6-7 Feb 2012 is all geared up to deliver expert perspectives on agro-economics, productivity and more!
Details for the 2nd RubberPlant Summit program are currently being finalized and will be available soon. In the meantime, email email@example.com to request for updates and/or sponsorship and media opportunities.