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Siem Reap set for rubber summit

Siem Reap set for rubber summit

RUBBER experts will have their eyes on Siem Reap next month when a summit convenes to address increasing demand for rubber, lower output and soaring prices.

The summit will examine opportunities for rubber plant investment and the best practices for tree management with expert analysis on key rubber-producing countries, including Cambodia, Thailand, Vietnam, Indonesia and China.

The summit will be held at Sofitel Angkor Phokeethra Golf & Spa Resort in Siem Reap from February 21 to 22, and will be opened by director general of the general directorate of rubber in Cambodia, Ly Phalla. He will give an overview on Cambodia’s rubber outlook and where the country stands in terms of land availability and concession incentives for foreign investors.

Thai Rubber Association president Luckchai Kittipol will also discuss new areas for rubber cultivation. Other organisations to send speakers include Tradewinds Plantation Berhad, which will discuss developing rubber on an ex-sugarcane and logged jungle land, and Greenyield Berhad, talking on potentials for higher natural rubber production in West Africa.

LMC International Ltd will also present analysis on the latest trends in global tyre production and its implications for natural rubber demand.

The summit will come at an important time for the world’s rubber industry. In Tokyo yesterday, rubber prices for June delivery climbed to an all time high of $5,230 a tonne.

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