Oct 27, 2013

Myanmar earns US$ 102 million in rubber exports

Myanmar has earned more than US$ 102 million in raw rubber exports, up from US$ 94 million last year, according to the Ministry of Commerce.

According to export earnings published for the period from April 1 to October 11 this year, more than 40,000 tons of raw rubber has been exported. However, the heavy monsoons this year has hampered production.

"This year’s heavy monsoon delayed the regular production of rubber in many plantations," said Khine Myint, secretary for the Myanmar Association of Rubber Producers.

Some exporters say they actually earned less due to the price devaluation of rubber in international markets.

Myanmar exports raw rubber mainly to China as well as to other countries such as Singapore, Malaysia, Indonesia, Vietnam, South Korea and India across sea and land routes.

Source: Eleven Weekly Media