Myanmar exports 2,900 tonnes of rubber during July’s second week

Myanmar exported 2,900 tonnes of rubber via sea and border trade routes in the second week of July.
The country shipped over 2,350 tonnes of rubber earning US$3.602 million between 16 and 22 July. It exported over 1,350 tonnes of rubber to China while 130 tonnes to Malaysia, 630 tonnes to India and 60 tonnes to Indonesia.
This week, a total of 500 tonnes of rubber – 430 tonnes via the Myanmar-Thai border and 120 tonnes via the Myanmar-China border – was exported and it received $0.618 million.
Moreover, it exported 2,900 tonnes of rubber via sea and border trade routes receiving $4.22 million.
Between 2 and 8 July, the country exported over 3,500 tonnes of rubber worth $5.104 million via the sea route.
Prices of rubber keep rising year on year in local and foreign markets and so the quality rubber plantation is expanded across the nation during this year.
As the rubber prices become higher, the low-quality rubber and a certain variety of rubber that are not suitable for the region are replaced with quality rubber.
The people now mull over growing quality rubber and high-yielding rubber species as substitutes for them.
For this substitute, government officials will support rubber farm owners to earn foreign income.
Currently, there are over 1.6 million acres of rubber plantation land in the country, with 850,000 acres for harvesting. The country produces over 300,000 tonnes of rubber annually.
The local consumption rate is only eight per cent and the large export volume earns foreign income for the country.
Most of the country’s rubber trees are grown in Mon State as well as in Kayin State, Taninthayi, Bago, Yangon and Ayeyawady regions. The plantations have also been expanded in Shan and Kachin states and Sagaing Region. — TWA/GNLM