Myanmar's rubber industry is in serious trouble, and rubber exporters are facing huge losses, resulting in a sharp decline in overall export volumes.
It is reported that rubber exporters face huge difficulties in obtaining export licenses, with losses of up to 80-1 million kyats per ton of rubber, making it impossible for them to continue exporting. This predicament has led directly to a sharp decline in rubber exports, while the target for exporting rubber for the 2023-2024 fiscal year is set at 400,000 tons, but the actual export volume is only about a quarter of this figure.
In the past, although two or three companies had signed export agreements for the whole year, the problem of losses forced these companies to continue exporting, despite the difficulties. This situation has attracted wide attention in the industry.
Myanmar industry insiders said they have reported the export difficulties to the national leadership, and expect Myanmar** to take coordinated measures to make rubber exports viable. However, due to the fact that Myanmar's domestic rubber ** is 1550-1600 kyats per pound, which is significantly lower than that of international rubber**, this is also an important reason for the loss problem.
It is understood that Myanmar and the relevant parties in the industry are in close consultation to find a way to solve the rubber export problem. This predicament is not only related to the survival of the rubber industry, but also directly related to the overall economic interests of Myanmar. The industry expects that the relevant departments can formulate practical policies as soon as possible to support rubber exporters to tide over the difficulties and promote the healthy development of the industry.