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KUALA LUMPUR (April 21): Malaysia is intensifying its efforts to boost demand for palm oil and rubber, and is ready to meet the encouraging demand for the commodities.

To this end, the Ministry of Plantation Industries and Commodities (MPIC) is engaging with Egyptian and Qatari agricommodity players to propose several initiatives, including a proposal to have the Malaysian palm oil included in the Egyptian Food Subsidy Scheme.

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THE plantation industry has always been an important economic asset for the country. Rubber and oil palm have been the dominant crops.

Though rubber has lost some of its shine, it still offers the potential to remain a vibrant source of economic wealth. Oil palm, now more than 105 years old, is still riding high.

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Archive Collection ar.kib] ارکيب  includes materials and records stored on the Official KPK Website consisting of a collection of articles, media, news, infographics and other media whose content has been uploaded on the website for at least the last 3 years from the current year.

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NAKHON SI THAMMARAT: Malaysian rubber company, Thung Yai Rubber Co. Ltd, is hopeful that the Thai government will consider allowing natural rubber producers to import raw rubber from sources beyond the country.

Director Steven Te of Thung Yai said currently there is a supply shortage and the company is facing difficulties in getting supply of rubber from plantations.

"The supply shortage issue, could be due to the current hot season and influenced by rubber prices," he said here today.

Te mentioned that in order to secure the supply of raw rubber, the company is forced to pay higher prices since the import of raw rubber is prohibited in Thailand.

He expressed hope that this issue can be addressed during future bilateral meetings between the leaders of the two countries.

Te added that the natural rubber produced by the factory is mainly used domestically, with exports to China, Europe, and Middle Eastern countries.

"Our production capacity is estimated at 4,000 tonnes per month to supply STR10, STR20 and STR Mixtures Rubber," he said.

Thung Yai Rubber, a joint venture involving companies from Malaysia, China, and Thailand, is headquartered here and maintains an office in Songkhla, Southern Thailand.

Earlier today, Malaysia’s Ambassador to Thailand, Datuk Jojie Samuel, along with the Consul General of Malaysia in Songkhla, Ahmad Fahmi Ahmad Sarkawi, visited the rubber factory located on Tahan Chang Road.

Jojie stated that Thung Yai Rubber is a well-established rubber factory that has been operating here since 1998.

"We always wanted to hear from the Malaysian business owners on their investment, potential expansion and also challenges in doing business here.

"We are also ready to assist them in anyway we could to help them expand their business," he said. - Bernama

 

https://www.thestar.com.my/business/business-news/2024/03/20/m039sian-rubber-company-hopes-thai-govt-will-permit-import-of-raw-rubber

 

Sumber : The Star

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KUALA LUMPUR, April 6 (Xinhua) -- Malaysia's natural rubber production decreased by 2 percent to 29,691 tons in February as compared to 30,287 tons in January, official data showed Friday.

The Department of Statistics Malaysia said in a statement that the production of natural rubber increased by 9.1 percent year on year, from 27,209 tons one year ago.

Meanwhile, total stocks of natural rubber in February increased by 11.8 percent month on month to 229,719 tons.

Exports of Malaysia's natural rubber also increased by 27.8 percent month on month to 55,082 tons in February.

China remained as the main destination for natural rubber exports which accounted for 52.3 percent of total exports in February, followed by Germany (8.9 percent), the United Arab Emirates (6 percent), the United States (4.2 percent) and India (3.3 percent).

Gloves were the main exports of rubber products with a value of 1.09 billion ringgit (230 million U.S. dollars) in February, an increase of 7 percent from January.

 

https://english.news.cn/20240406/af0ae4a3979d4e279ee7b5b339b8f96c/c.html

 

Sumber : English News