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Rubber exports expected to rise as production improves in Myanmar


Published May 13, 2019
By CHAN MYA HTWE @Myanmar Times

Myanmar is expecting to export around 300,000 tonnes of rubber this year on the back of rising production at local plantations, U Khaing Myint, secretary of the Myanmar Rubber Planters and Producers Association (MRPPA) said last week.

This is more than the government’s estimates of 260,000 tonnes this year, he said.

Rubber exports have been rising in recent years. In 2017, Myanmar sold 140,000 tonnes of rubber overseas, which is up by 56 percent over the previous year, according to official data.

Of the 1.6 million acres of rubber plantation land, half are currently actively producing rubber, according to the MRPPA.

The rubber plantations have over the years been planting new rubber trees while cutting down older trees and those which no longer produce latex.

The aim is for Myanmar to eventually become a substantial exporter of rubber at a time when international demand for rubber is rising.

Original Source: https://www.mmtimes.com/news/rubber-exports-expected-rise-production-improves-myanmar.html

Created at 2019-05-16 00:42:15