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
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)