Climate and security issues impact Myanmar's peak rubber production months
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Hsu/Pearl (NP News) - March 19
According to the MRPPA to NP News, Myanmar's rubber exports for the current fiscal year have already reached nearly USD 400 million.
Although the plan was to export over 350,000 tonnes of rubber this fiscal year, production delays caused by security concerns and unfavorable weather conditions mean that only about 300,000 tonnes will likely be exported.
“The main issue is the weather. Normally, October, November, December, and January are the peak production months. But this year, it rained continuously through October and November. When it rains, production cannot proceed, so everything was delayed. In addition, some plantations located in remote and inland areas had to suspend operations due to security concerns,” the official explained.
To date, the country has earned nearly USD 400 million from rubber exports, with roughly 28,000 tonnes shipped most recently. Exports are expected to continue through July.
“So far, around 280,000 tonnes have been exported, bringing in nearly USD 400 million. There are still remaining stocks to be exported through June and July. Altogether, I think the total will reach just over 300,000 tonnes,” the official added.
While the global market price for rubber is nearly US$2,150 per tonne, Myanmar’s exports currently earn only US$1,700–$1,900, as local producers continue to work toward meeting international quality standards.
“Currently, RSS3 sells domestically at about 3,100 kyats per pound. For exports, depending on quality, it ranges between USD 1,700 and 1,900 per tonne, while the global market price is around USD 2,150,” the official said.
Domestically, rubber is produced most abundantly in Mon State, followed by Tanintharyi Region and Kayin State, with cultivation also taking place in other regions and states. Regarding export destinations, the largest amount of rubber is shipped to China, followed by Singapore, Malaysia, Indonesia, South Korea, and Japan. –