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3 February 2012
Exclusive: Indonesia to Set Up $6.5 Billion Plantation Firm
Indonesia's government plans to create one of the world's largest palm oil and rubber firms in March by combining state planters with total assets of $5.6 billion, a government minister told Reuters on Thursday (Feb 2).
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3 February 2012
Some 11,000 Smallholders in Sarawak Apply to Plant Rubber, Replant
A total of 11,238 smallholders in Sarawak have applied to plant rubber as a new crop and undertake replanting in 24,197 hectares with high-yield clones.
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3 February 2012
Indian Tyre Industry Asks for Duty Free Import of Natural Rubber
The Indian tyre industry has asked for duty free import of 100,000 tonnes of natural rubber to bridge the gap between domestic production and consumption, in the pre-budget memorandum.
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3 February 2012
Tokyo Futures Fall 1.7%, China Inventories Hurt
Key TOCOM rubber futures ended down 1.7 percent on Thursday (Feb 2) as profit-taking set in on news that rubber stocks in China had ballooned, which also dragged down the Shanghai market.
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3 February 2012
Bridgestone to Build %575 million Vietnam Tyre Plant-Paper
Vietnam's northern port city of Hai Phong has approved the construction of a $575 million tyre factory by a subsidiary of Japan's Bridgestone Corp, the state-run newspaper Nhan Dan quoted municipal authorities on Thursday (Feb 2) as saying.
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2 February 2012
Biggest Growers to Produce Less Rubber
Natural rubber production from the world's biggest growers may expand at a slower pace this year, while demand may climb from the largest user China, the Association of Natural Rubber Producing Countries (ANRPC) said.
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2 February 2012
Rubber Output from Major Growers May Rise at Slower Pace
Natural-rubber production from the world’s biggest growers may expand at a slower pace this year, while demand may climb from the largest user China, the Association of Natural Rubber Producing Countries said.
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2 February 2012
High Global Prices to Push Indian Natural Rubber Exports
The natural rubber (NR) market is set to take a U-turn, with India, a net importer till now, likely to increase its exports, since global prices are ruling higher than domestic prices for some weeks.
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2 February 2012
Tokyo Futures Lower, Falls Limited
Key TOCOM rubber futures edged lower early on Thursday (Feb 2) after the yen hit a three-month high for the third straight day, but losses were limited by the Thai government's plan to start a market intervention scheme in mid-February.
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2 February 2012
Tokyo Futures Rise on Thai Intervention Plan
Key TOCOM rubber futures edged higher early on Wednesday (Feb 1) encouraged by Thai government plans to start a market intervention scheme in mid-February, which countered pressure from a strong yen.
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