Rubber price today March 28: Mixed developments

World rubber price

RSS3 rubber prices on the Tocom - Tokyo exchange fluctuated in opposite directions in the online session this morning. Specifically, the April 2025 delivery period decreased sharply by 7.60 yen/kg (-2.15%), down to 346.20 yen/kg; the May 2025 delivery period decreased by 2.20 yen/kg (-0.63%), down to 348.70 yen/kg; the June 2025 delivery period increased by 0.50 yen/kg (+0.14%), currently at 352.30 yen/kg.

In the online trading session this morning, March 27, the price of natural rubber on the SHFE - Shanghai exchange fell sharply. Specifically, the April 2025 delivery period decreased by 140 yuan/ton (-0.82%), currently at 16,845 yuan/ton; the May 2025 delivery period decreased by 135 yuan/ton (-0.79%), down to 16,905 yuan/ton; the June 2025 delivery period decreased by 135 yuan/ton (-0.79%), down to 16,970 yuan/ton;...

In Thailand, rubber futures for April delivery rose 0.5% to 81.83 baht/kg, while in Japan, they rose 0.3% (1.1 yen) to 353.8 yen/kg.

Similarly, on the SGX – Singapore floor, the price of TSR20 rubber for April 2025 delivery continued to decrease by 3.70 cents/kg, down to 194.90 cents/kg; the price for May 2025 delivery decreased by 0.50 cents/kg, down to 195.40 cents/kg; the price for June 2025 delivery decreased by 0.50 cents/kg, down to 195.90 cents/kg;…

Recently, at the Rubber Stakeholders Forum held in Upulima, Papua New Guinea, the President of the Papua New Guinea Rubber Council (PNG) - Ms. Josephine Kenni said that once the national rubber policy is implemented, all issues related to the rubber industry will be resolved. Ms. Kenni was the keynote speaker at the event, which gathered a large number of rubber farmers, government officials and development partners.

During the day-long meeting, farmer representatives expressed concerns about poor road conditions leading to difficulties in transporting rubber, limited market access, lack of training, lack of extension services and breakdown in communication between rubber industry stakeholders.

In response, Ms Kenni said the Rubber Council was well aware of the problems faced by farmers. The government is currently in the process of developing a national rubber policy, along with a new Rubber Industry Act, to lay the foundation for the development of the rubber industry in Papua New Guinea.

“In 2022, we developed the Papua New Guinea Rubber Industry Act. After two years, we have a draft rubber policy that is being implemented,” said Ms. Kenni.

“Once the rubber policy is passed, we can discuss the next steps. The law is now in parliament,” she added.

She also noted that the rubber industry has been recovering over the past two years thanks to the tireless efforts of a small group of people to promote rubber development in PNG. “We have a new structure plan for the rubber industry, approved by the Ministry of Human Resources, along with a new law,” said Ms Kenni.

She also said that under this new structure, there will be more agricultural extension officers, and the Rubber Industry Development Council will conduct regular inspections.

Under the national rubber policy, issues of rubber production, quality, infrastructure, market access, exports and technical standards will be addressed. In addition, the Rubber Council is working closely with the National Institute of Industrial Standards and Technology (NISIT) to develop standards for the rubber industry in Papua New Guinea.

Domestic rubber price

Domestically, some businesses are still keeping rubber prices stable. Specifically, prices at Mang Yang Rubber Company today: Grade 1 latex is at 433 VND/TSC/kg; Grade 2 latex is at 429 VND/TSC/kg.

Today's mixed latex: Mixed latex type 1 at 436 VND/DRC/kg; mixed latex type 2 at 382 VND/DRC/kg.

Purchase price at Binh Long Rubber Company remains stable: Water latex: 386-396 VND/TSC/kg; mixed latex with 60% DRC is priced at 14,000 VND/kg.

Phu Rieng Rubber Company today: Water latex price is at 440 VND/TSC/kg; Mixed latex price is at 400 VND/DRC/kg.

Ba Ria Rubber Company, latex rubber price today: Level 1 is priced at 452 VND/ TSC degree/kg applied to TSC degree from 30 and above; Level 2 is priced at 447 VND/ TSC degree/kg applied to TSC degree from 25 to under 30; Level 3 is priced at 442 VND/ TSC degree/kg, applied to TSC degree from 20 to under 25.

Today's mixed latex prices: Cup latex, coagulated latex with DRC ≥ 50% at 18,000 VND/kg; Cup latex, coagulated latex with DRC from 45-50% at 16,700 VND/kg; Clotted latex with DRC from 35-45% at 13,500 VND/kg.

Source: https://baodaknong.vn/gia-cao-su-hom-nay-28-3-dien-bien-trai-chieu-247516.html