Industry News

Thai flooding
From http://www.worldbulletin.net

Thai flooding recedes; rubber trade still sluggish

Floods that have killed at least 12 people in southern Thailand were receding on Thursday, but rubber business remained slow in the city of Hat Yai, the centre of the trade, industry officials said.

The problems in the south since Monday follow the worst flooding in decades in the northeast and centre of the country. In all, 122 people have died since early October.

Sathit Wongnongtoey, a minister in the prime minister’s office, told a parliamentary meeting that 29 out of 76 provinces were still battling floods, with more than 2 million people affected around the country. (read more)

Global latex demand keeps expanding

HCM CITY — Global demand for natural rubber was likely to grow in the next decade, driven by economic recovery and growth, reaching 12.4 million tonnes by 2015 and 14.2 million tonnes by 2020, an expert said yesterday.

Stephen Evans, general secretary of the International Rubber Study Group, told the first international exhibition and conference on “The future of The Natural Rubber Manufacturing Industry” that opened in HCM City that demand was likely to be higher in developing countries, especially China.

Global natural rubber (NR) production was projected to reach 13.6 million tonnes in 2020, he said. (read more)

Malaysia glove makers may raise prices

Malaysian manufacturers are likely to raise latex glove prices as floods inundate rubber plantations in Thailand, the world’s No.1 exporter of the commodity, and cut off supplies. 

Malaysia’s glove making industry, the largest in the world, meets most of its rubber requirements from Thailand. Trucks cross the border to Malaysia from southern Thailand almost daily, carrying 1,000-1,500 tonnes on average. (read more)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s