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Helixtap

Helixtap collects, processes and distributes proprietary data, analyses and forecasts for the rubber, latex and automotive markets

Head of Content, Data & Research, Helixtap

Arusha Das

Head of Content, Data & Research

Commodities

<ul><li>With the growing demand for African rubber in the Asian market, the Ivory Coast government has set up a new law this week to process all rubber produced from the country before exports, as per the industry reports. An industry source confirming the government’s move said the government wants to process 100% of the produce up from 50% of the production.</li><li> He added that the government is optimistic that the law to be fully implemented and effective within a year’s time.The idea behind such a move was to give the African rubber industry the much-needed boost and strengthen its position in the rubber production chain.</li><li>"We want to go beyond the initial processing phase," said Emmanuel Esmel Essis, minister in charge of promoting private investment as quoted in market reports. This initiative would benefit the African rubber industry amid increasing demand from China and India moving away from its traditional European and US market.</li></ul>

With the growing demand for African rubber in the Asian market, the Ivory Coast government has set up a new law this week to process all rubber produced from the country before exports, as per the industry reports. An industry source confirming the government’s move said the government wants to process 100% of the produce up from 50% of the production. He added that the government is optimistic that the law to be fully implemented and effective within a year’s time.The idea behind such a move was to give the African rubber industry the much-needed boost and strengthen its position in the rubber production chain."We want to go beyond the initial processing phase," said Emmanuel Esmel Essis, minister in charge of promoting private investment as quoted in market reports. This initiative would benefit the African rubber industry amid increasing demand from China and India moving away from its traditional European and US market.

Setting Ground For African Rubber Industry To Grow

Rubber Future SGX TSR20

Setting Ground For African Rubber Industry To Grow