21November2017

Malaysia to bring up issue of rubber price stability

Malaysia will bring up the issue of the stability in world rubber prices at the coming International Rubber Tripartite Conference to be held in Bangkok, Thailand on Sept 15, 2017.

In a statement, the Plantation Industries and Commodities Ministry said Minister Datuk Seri Mah Siew Keong would lead the Malaysian delegation to the conference.

The ministry said the issue of volatile global rubber pricing was a huge concern for local industry players which included some 450,000 rubber smallholders.

"It will be one of the main agenda for the Malaysian delegation," it said reported Bernama.

He said Malaysia was the fifth largest global producer of natural rubber after Thailand, Indonesia, Vietnam and China in 2016.

Thai Agriculture Minister, General Chatchai Sarikulya and Indonesia's Trade Minister Drs Enggartiasto Lukita would also attend the conference.

Mah said the government, via the Rubber Production Incentive Scheme and the improvement of the infrastructure to boost latex collection, aimed to increase productivity and output of natural rubber in the country.

He said the rubber glove industry was also encouraged to use local latex to manufacture their products and reduce imports from neighbouring countries.

The government has targeted to increase rubber plantation areas by 2020 and the size of the tanned area was also targeted to expand to one million hectares (ha) compared to 670,000 ha currently, he said.

"The government's continued efforts through the Malaysian Rubber Board's research and development and automation are expected to boost productivity rates to two tonnes/ha from 1.2 tonnes/ha to ensure continuous supply of raw materials for industrial use," he said.-12/9/2017

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