A local trade Centre which aims to promote rubber products for starters will be opened in Mawlamyine, Mon State before the end of this year.
U Phone Myint, a member of the Mon State Chamber of Commerce & Industry said “We aim to reduce the red tape and procedures involved in the trading of rubber between buyers and farmers. This will benefit the farmers.” “Rubber is mainly cultivated in our region, that’s why rubber is the first product we will promote. Other crops will be included later,” he added.
Currently, there are 1.7 million acres of rubber plantation land in Myanmar and 700,000 rubber trees are now at the right age for harvesting.
Around 80% of rubber is exported to China while the rest is exported to Thailand, Malaysia, Japan and local factories.
Myanmar rubber prices are currently around K800 per pound.
As the next move, Trade Centre will be opened in Kayin and Tanintharyi too to support farmers.