Myanmar: Central Rubber Market Expected upon Enactment of Rubber Law in Late 2018

Dec 20, 2017 | Khin Su Wai, Myanmar Times
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The drafting of a new Rubber Law, which aims to create a central rubber market and raise the export quality of Myanmar rubber, is close to three quarters complete and will be enacted in late 2018, U Khaing Min, secretary at the Myanmar Rubber Planters and Producers Association (MRPPA), told The Myanmar Times. Myanmar is drafting fresh legislation which will lead to the establishment of a central rubber market once approved. It will control and release the market price for locally produced rubber, ensuring price stability and raising demand from foreign buyers.