Rubber prices fall to K100 per lb in Mon State

A farm worker checks the quality of smoked rubber sheets at a rubber market in Thuwunnawady in Mon State. Photo: Khone (Win Pa)
A farm worker checks the quality of smoked rubber sheets at a rubber market in Thuwunnawady in Mon State. Photo: Khone (Win Pa)

A slight decline in the rubber market has led to prices falling to K100 per pound this season compared with last November. Local farmers from villages near Thuwunnawady, Thaton Township, Mon State said they are not happy with the fall in price.
“We earned over K700 per pound for ribbed smoked sheets (RSS). When we deducted labour charges and other general costs, there was no profit for us. Additionally, we can produce only a little rubber. Some of the rubber farms have been closed because of insufficient supply of labour. And, we could not get rubber sheets like earlier. So, we are selling rubber at the price that is offered,” said a local rubber farm owner.
“We are not sure why the price of rubber has declined. When the rubber season started, rubber was being sold for over K800 per pound. Now, the price has declined as the demand has fallen significantly. The prices of rubber RSS-1,2,3 are moving up and down daily. So, we have to write down daily prices on the board to keep track. Although the production of rubber has also declined, around 10,000 pounds of rubber is being sold daily. The cost of cultivation is high, which pulls down profits,” he added.
Rubber is grown mostly in Mon State. The state mainly produces raw rubber. But, locals who grow rubber on a manageable scale have not been able to produce the same quality rubber. So, the sale has declined as it depends on quality.
Of late, only a few people have shown interest in growing rubber in the town. —Khone (Win Pa) (Translated by Hay Mar)

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