当前位置:首页 > Information > Chinese News

Natural rubber brings wealth to farmers in Yunnan

Source:   Time:

 

A local rubber grower taps a rubber tree for latex on his rubber plantation in Xishuangbanna Dai Autonomous Prefecture,Yunnan Province. Yunnan reaches the harvest season to reap natural rubber and rubber farmers are expecting to see rising prices.
 

Wholesale price of Yunnan’s natural rubber has hit a record of RMB 42400 yuan per ton in six decades. The prices rose by 5.7% in February 21 compared with the previous month this year, according to a survey.

Cultivation of natural rubber is a major source of employment in Xishuangbanna. With harvest's day just 20 days away, most of rubber farmers in Xishuangbanna gave up the opportunity to work outside home.

 China has entered a new cycle of rubber price increases since June last year. A tire company in Kunming received many price adjustment notices in January 2011. The general growth rate of Yunnan’s tire price is expected to rise between 5 percent and percent form March this year.

Since the beginning of October last year, rubber prices have gone up by about 1.5 percent every two to three days, hitting a decade high on Oct 18 at RMB 31,580 yuan a ton in the Shanghai Rubber Futures Market. The spot price for natural rubber also reached a high of about 30,000 yuan a ton. "About 45 percent of the materials are rubber, covering one-third of the total cost, a rubber producer said.

China has been the world's largest rubber importer and consumer since 2003, also the world's largest exporter of rubber products, with its international sales totaling $25.3 billion in 2009. Hit by the global financial crisis, the amount was 28.4 percent lower than that of 2008. As the RMB appreciates, the going is getting tougher for producers and exporters of rubber products in China.

In 2009, 924,000 people worked in Chinese rubber enterprises above a designated size, including 279,000 people in tire companies and 206,000 others in rubber shoe companies, industry figures showed.

[Relative Articles]

Copyright Reserved 2010 © South-East Asia & South Asia Infoport  | Filing Number:ICP 09005773
Technical Support:China Basalt Software Technology Co., Ltd.