Blog – Commodity First Part
PRIME 2ND PHILIPPINE RUBBER INVESTMENT AND MARKET ENCOUNTER
DAVAO CITY – November 10, 2015 –
The PRIME keynote speaker USec. Zenaida C. Maglaya, DTI-Regional Operations Group presented the
prospects of Rubber industry in the Philippines and the world to the guests and
participants from all regions in the Philippines, and foreign delegates who attended the 2nd
PRIME PHILIPPINE RUBBER INVESTMENT AND MARKET ENCOUNTER on November 10, 2015 at
SMX Convention Center, Davao City.
PRIME 2015 official guests are
the followings: USec. Zenaida C. Maglaya DTI-Regional Operations Group, Madam
Sheela Thomas Secretary General, Association of Natural Rubber Producing
Countries, Dr. Abdul Aziz Bin S.A. Kadir Secretary General, International Rubber
Research & Development Board, RD Sitti Amina M. Jain, Ph.D. DTI-Region 9,
National Rubber Industry Cluster Coordinator and Ms. Rhododa Dela-Cruz Medalla,
President, Philippine Rubber Industry Association.
At about 700 more or less guests
and participants attended the 2nd PRIME 2015 with the participation
of foreign stakeholders from Malaysia, Thailand, Singapore, Indonesia, India,
Australia, Japan, China and Vietnam who have interest in rubber industry.
PRIME 2015 is a success one
conference for the rubber industry would enlighten the stakeholders in
particular the local players who’s their lifeblood and survival for so many
years as farmer producers and buyers.
With current low price of the
rubber products in the world markets its affected the rubber industries
worldwide caused by the slow of economy of China, Japan, US, EU and Asian
economy.
In the press conference on the 2nd
PRIME2015, local media suggested in Q and A, it need divine intervention God
and suggest to panelists and the group of the associations from the rubber
industries both local and international organization.
Local and international players
from the rubber business group have proposed intervention to save the small
farmers of rubber in the regions, 99 percent of the rubber producers are from
Mindanao would need government assistance to prevent from suffering of market
slow down.
Local small rubber farmers are
really affected and some of them stop producing of raw rubber and cup lamp
because of this current slip down price of the commodity. They suffer so much, they
says, they cannot cope-up in their operation on the ground because of high cost
expenses for labor to produce semi-produced rubber such as: SPR-20, SPR-10,
SPR-5TL, Cup lamp and latex rubber.
World economy is in slowing down now due to global recession powerful house
economy nations likes: US, Japan, China and EU are now at slide inflation
that’s why it’s affects the whole rubber industries, Gold and other
commodities. They reduce to purchase these kinds of commodity for their supply
requirements.
Forecast the price of rubber commodity will be rebounded back in 2017
as predicted by the group of local and international expert of the industry during
PRIME 2015 presentation on their respective lectures in Davao conference.
Business matching established in the exhibits by the PRIME 2015
organizers spear-headed DTI – Region 9 with other national line agencies and
Non-Government Organization related to rubber industries.
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