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Posts Tagged ‘Yunnan Rubber Company’

Answer to low rubber price found

Vientiane Times, 6 November 2014

Rubber trading companies have promised to pay more for raw rubber in a bid to assist local growers who are suffering from the plummeting price of rubber in Luang Namtha province. They will purchase the rubber tapped in November this year at around 6,600 kip per kg (5 Yuan) up from the previous 4,100 kip (3.2 Yuan) per kg, according to the provincial Commerce and Industry Department. The price of rubber has been dropping continuously and plummeted in October to a record low for the year. The very low price of rubber sold in October at 4,100 kip (3.2 Yuan) per kg resulted in dissatisfaction among the local people who became discouraged about continuing to harvest the product, Department Director Mr Phonxay Chanthasone said.

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