Japanese rubber futures fell on Monday, weighed down by weak Chinese demand amid anticipation of rising global supply.

The sales value of the manufacturing sector dipped by 1.9 per cent year-on-year to RM158.7 billion in September 2023 from RM161.7 billion in the same month last year, said the Department of Statistics Malaysia (DoSM).

MALAYSIAN glovemakers are expected to pay a total of RM2.4 billion in corporate taxes in 2020, a four-time increase from the previous year and industry players argue a potential windfall tax in the upcoming Budget 2021 could be a blow.

European Union rules aimed at stopping deforestation threaten widespread disruption for Southeast Asia’s rubber sector, from Cambodia’s 30,000 small farmers to major exporters in Thailand and Malaysia.

CHAIRMAN of the Papua New Guinea Rubber Board, Josephine Kenni, says restructure is key to progress in the rubber industry.

Japanese rubber futures rose for a third consecutive session on Friday, as the yen languished slightly above the closely watched 150/dollar level.

The Association of Natural Rubber Producing Countries (ANRPC) releases the Monthly NR Statistical Report, September-October 2023 (combined issues).

The rubber coated fabric market is projected to grow from USD 6,357 million in 2023 to USD 7,787 million by 2028, at a CAGR of 4.1% from 2023 to 2028.