Rubber "insurance + Futures" project, with a total investment of 150 million funds, will join 44 futures companies and 4 insurance companies to provide price protection for 189,500 tons of natural rubber in 25 counties, it is expected to provide price support for more than 100,000 rubber farmers, help increase their income and the rubber industry to resume production.
In China, Since the Coronavirus epidemic, natural rubber futures prices have fallen from about 13,000 yuan per ton to 10,500 yuan per ton in several months, driven by the collapse in the prices of crude oil and other related varieties, prices are at their lowest level in two years.
At present, it is also a critical period for rubber production enterprises to resume production soon. For rubber farmers, the market price is low, maybe their don’t want to harvest that will cause the upstream raw material shortage, the downstream demand decline dual management difficult position.
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