Rubber

MANILA, Philippines – The government is looking to develop the country’s rubber industry to take advantage of an expected increase in the production of tires of its major market, a trade official said.

COTABATO CITY: Rows of rubber trees line the roads of Aleosan, North Cotabato, a farming community tucked into the heart of Central Mindanao particularly in North Cotabato.

MANILA, Philippines—The Department of Agriculture’s high value commercial crops program (HVCC) seeks to expand rubber production and entice more foreign investors by opening up new areas in Palawan.

MANILA, Philippines – The Department of Agriculture (DA) expects domestic rubber production to increase by 7.2 percent this year to 440,600 tons, as a result of stepped-up efforts to make the Philippines a major player in the global market for this high-value commercial crop (HVCC).

A lawmaker warned that the country might soon face a shortage of about 20,000 to 30,000 tons of natural rubber annually as rate of replanting and new planting programs slows.

The Department of Finance is pushing for a legislative measure that would create the Philippine Rubber Authority under the Office of the President, the National Tax Research Center (NTRC) said.