Myanmar Rubber Price

Myanmar: Rubber exports rise, but production yield

still not optimal

 

Myanmar is expected to export over 150,000 tonnes of rubber this fiscal year on the back of rising international demand and higher domestic production levels, U Khaing Myint, secretary of Myanmar Rubber Planters and Producers’ Association, told The Myanmar Times.

Around 140,000 tonnes of rubber was exported in the previous fiscal year.

Currently, there are more than 750,000 acres of rubber plantations in the country Rubber trees are grown mainly in Mon State, Tanintharyi Region, Karen State, Yangon and Bago, according to the Myanmar Rubber Planters and Producers’ Association (MRPPA).

Myanmar produces RSS3, RSS1- rubber and mostly exports RSS3. Around 70 percent of locally produced rubber is exported to China while the remaining is exported to Singapore, Malaysia, Indonesia, Korea, India and Japan, according to the MRPPA.

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