Only when Myanmar’s rubber meets international standards for quality can it fetch a premium price, the Mon State Chief Minister highlighted at the workshop on Myanmar’s rubber production and market promotion held on 30 January 2024.
Locally produced rubber can meet international standards and grasp a firm market share in the strong, competitive global market only if there are rubber factories that are successfully granted ISO. The rubber industry plays a key role in Myanmar’s economy by creating job opportunities, generating export earnings, and contributing to the industrial growth and export sector. He emphasized that if Myanmar can export premium natural rubber, it can meet spot prices.
Mon State is the leading rubber producer in the country, accounting for 30.89 per cent of the overall rubber acreages. Mon State had 504,988 acres of rubber in the 2022-2023 financial year. Myanmar’s rubber is mainly delivered to China and Thailand through border posts.
The Chief Minister also urged rubber farmers and entrepreneurs in the rubber industry to foster the techniques and learn the know-how of the experts through the workshop to meet the standard rubber. — TWA/EM
