The recovery trend of Malaysia’s Rubber industry remains to be seen for the glove makers following July’s weaker export numbers.

Expressing concern over the appalling condition of the rubber growers due to the steep fall in the price of Natural Rubber, the CAMPCO president has asked Chief Minister Siddaramaiah to extend the Minimum Support Price to the rubber growers of Karnataka on the lines of the scheme extended by the Government of Kerala.

The Rubber Authority of Thailand said it is ready to comply with a new European Union (EU) deforestation regulation and has, among other moves, registered over 1.47 million rubber plantation workers covering more than 79 acres of land.

The transformative journey of rubber from the milky liquid latex tapped from the Hevea brasiliensis tree to sophisticated high-demand finished products in the global market is one that growes know of, but don’t often witness first hand, a situation that one major user of natural rubber in Sri Lanka is now rectifying.

The country's rubber industry is expected to soar in the coming years following the strengthening of cooperation with China in the field of commodities, says Datuk Seri Fadillah Yusof.

Vietnam made up the 12th largest non-bloc supplier of rubber to the EU during the first half of the year with 33,640 tonnes worth US$51.56 million, according to the statistical office of the European Union (Eurostat).

Japanese rubber futures rose for a second session on Monday, although weakness in energy markets limited gains. The Osaka Exchange (OSE) rubber contract for February delivery added 1 yen, or 0.4%, at 234.9 yen ($1.60) per kg.

During January-July of 2023, both tea and rubber production experienced only a modest growth on year-on-year basis, primarily due to the lingering effects of the fertiliser shortages that prevailed last year. Coconut production reported a decline during the period, reflecting the lag effect of dry weather conditions that prevailed during the early part of 2022, the Weekly Economic Indicators report of the Central Bank of Sri Lanka states.