Myanmar ships 62,000+ tonnes of natural rubber worth US$87M in Q1

Myanmar exported more than 62,000 tonnes of natural rubber to international trading partners in the first quarter (April-June) of the current financial year 2024-2025, bagging over US$87 million, the Myanmar Trade Promotion Organization reported.
Myanmar aims to meet the rubber export target of over 300,000 tonnes in the current FY. Myanmar’s annual rubber production is estimated at 300,000 tonnes. Seventy per cent of rubber produced in Myanmar goes to China. It is also shipped to Singapore, Indonesia, Malaysia, Thailand, Vietnam, the Republic of Korea, India, Japan, and other countries.
The rubber production in the last FY 2022-2023 reached over 360,000 tonnes, and more than 200,000 tonnes of rubber were exported to foreign trade partners.
Myanmar’s rubber prices are influenced by global demand for rubber and rubber production in Southeast Asian nations, as well as the market supply.
The rubber price in Mon State, a significant rubber production state in Myanmar, is closely tied to those factors as well, the traders elaborated. Rubber is commonly produced in Mon and Kayin states and Taninthayi, Bago, and Yangon regions in Myanmar. As per 2018-2019 rubber season data, there are over 1.628 million acres of rubber plantations in Myanmar, with Mon State accounting for 497,153 acres, followed by Taninthayi Region with 348,344 acres and Kayin State with 270,760 acres. — NN/KK