Mawlamyine, July (10)
The rubber trade was suspended due to a shortage of raw materials as the rubber farms in Mon State stopped production, the traders told Than Lwin Times.
From September through May, rubber trees are tapped; during the rainy months of June, July, and August, tapping is halted in Mon State.
The rubber market has been closed since the third week of June due to a shortage of stockpiles following the closure of rubber farms.
According to one trader, companies, including those in China and Thailand, have stopped purchasing rubber as a result of the trade suspension, adding that the suspended rubber market would reopen in September.
However, after the military coup, rubber farmers live on less revenue and face losses due to skyrocketing prices of inputs as well as fertilizers.
Mon State has more than 500,000 acres of rubber plantations and produces more than 100,000 tons of rubber annually, most of which is exported to China.
News – Than Lwin Times