BUSINESS – Burma's rubber industry stuck behind competitors

Burma’s rubber industry will see more inspections, certification and technical assistance to bring it up to par with other countries, according to Win Myint of the Ministry of Commerce. Currently Burmese rubber can fetch as little as two-thirds of the market price due to its low quality, earning around US$1,300 – US$1,500 per tonne, as opposed to the international market price of $1,800. China buys 70 percent of the 80,000 tonnes of Burmese rubber exported per year, Myanmar Business Today reports.