Sept 30: Thai raw material trade - THB 39 - THB 44.5/kg ex-works Sept 30: STR 10 December trade - US$1395/mt FOB BKK LCB Sept 30: STR 20 December offer - US$1355/mt FOB BKK LCB Sept 30: STR 20 December bid - US$1345/mt FOB BKK LCB Sept 30: Indonesian raw material trade - IDR 18,000- IDR 18,500/kg ex-works Sept 30: SIR 20 December offer - US$1340/mt FOB BEL SBY Sept 30: SIR 20 December bid - US$1335/mt FOB BEL SBY Sept 30: SIR 20 January/February trade - US$1350/mt FOB BEL SBY Sept 30: SIR 20 December trade - US$1335/mt FOB BEL SBY Sept 29: STR 20 Octover offer - US$1350/mt FOB BKK LCB Sept 29: STR Mixture 20 November arrival trade - US$1375/mt CIF China

Rubber price expected to exceed RM3.50 per kg by year-end, says Zuraida

16 Aug 2022, 00:00 AM SGT

Back to News


Rubber price expected to exceed RM3.50 per kg by year-end, says Zuraida
-A +A

KUALA LUMPUR (Aug 16): The price of rubber is projected to exceed RM3.50 per kilogramme (kg) at the end of this year and continues to be in an upward trend due to very high demand from importing countries, Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin said.

She said the price of rubber is currently stable at above RM2.50 per kg, and the government is working on increasing production to meet export demand.

“The country’s rubber production is still insufficient to meet the demand and the ministry is making several efforts to increase the country’s rubber yield, including by improving rubber production through estate management”.

“It will make it more sustainable, and the management of the country’s rubber products will be more sustainable and structured, which will lead to higher rubber production results,” she said at the launch of the rubber anti-corruption plan, themed “Getah Antirasuah 2021-2025 (GETAR 2021-2025)” at the Sungai Buloh Rubber Research Institute of Malaysia (RRIM) research station here on Tuesday (Aug 16).

At the event, Zuraida also congratulated the Malaysian Rubber Board for its efforts and success in developing GETAR 2021-2025, which is an important strategic plan to implement in an organisation’s anti-corruption policy.

She said the effort is aligned with the National Anti-Corruption Plan (NACP) that was launched by the government previously.

“It will make civil servants more efficient and responsive in providing world-class services,” she said.

Additionally, civil servants' perception could also be improved, she added.

“The availability of employees with high integrity is important in supporting the government’s efforts towards knowledge, technology and innovation, with the aim of contributing towards the development of the organisation and subsequently our beloved country,” she said.

She added that the corruption eradication agenda should be the country’s priority, in its effort to become a high-income developed country.

Source: https://www.theedgemarkets.com