Domestic rubber prices in Myanmar rise

Myanmar’s “7 Days News” reported on February 1st: It was learned from the Myanmar Rubber Exporters’ Office that due to the increase in foreign demand in January this year, the price of domestic rubber in Myanmar has increased. 1 pound of RSS rubber has increased from the original 900 kyat to 1200 kyat ($1.5). Wu Kaimin, secretary general of the Myanmar Rubber Planting Association, said that the reason for the price increase was due to the Thai government’s purchase of protective rubber at a price of 120 baht per pound for domestic rubber to control the drop in rubber prices; secondly, China’s increase in rubber prices. Imports drove up the price of rubber in Myanmar.

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