Site icon Global New Light Of Myanmar

Market of sun-dried rubber sheets likely to remain inactive in post-Thingyan period

IMG 20191011 093252 NS

The market of rubbers produced in Mon and Kayin states was earlier bustling on the back of solid demand by Thailand.

The observers analyzed that the market for sun-dried rubber sheets, which Thailand mainly demands, is expected to remain sluggish in the post Thingyan period.
The market of rubbers produced in Mon and Kayin states was earlier bustling on the back of solid demand by Thailand. It has come to a temporary halt during the Thingyan holidays. The market is likely to remain slow-moving in the post-Thingyan period as well.
It is uncertain that Thailand will offer the high price in the post-Thingyan period as before, said rubber entrepreneurs.
In early February 2022, the sun-dried rubber sheet fetched up to K1,230 per pound on account of the buyers involved in the Mae Sot-Myawady trade channel.
The price was bullish in early March, touching a high of K1,320-K1,400 per pound. The prices of rubber are relatively high in the Thailand market, while Thailand highly demands Myanmar’s rubber. The rise in price is attributed to the heavy rain during the third week of March, which affected rubber production in some of Thailand’s provinces. The rubber requirements have grown due to the yield drop in Thailand, rubber traders shared their opinions.
Nevertheless, Thailand will purchase Myanmar’s rubber depending on the shortage of raw materials. Therefore, we must closely observe the market condition and Thailand’s raw material requirements in the post-Thingyan period. The price is likely to go flat and fluctuate after that, the traders guessed. — NN/GNLM

Exit mobile version