![\"rubber\"](\"https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/69429924-row-of-para-rubber-tree-in-plantation-rubber-tapping-1024x682.jpg\")
<\/figure><\/div>\n\n\n\n\u201cUnder this cooperation, the production share of the three countries is 63.3 percent of the world’s natural rubber production,” he said when answering a\u00a0question from\u00a0Senator\u00a0Siti Fatimah Yahaya who wanted to know\u00a0the steps taken by the government to stabilize the price of rubbber and increase the added value of the commodity.<\/p>\n\n\n\n
Wee\u00a0said the government plans\u00a0to increase the use of rubbber in the country to strengthen the price of rubbeerr for the medium and long-term, including the use of rubbeerr in road construction and the production of new and value-added products based on rubber, including rubber gloves.<\/p>\n\n\n\n
The government will also be introducing\u00a0the Rubbber Community Farm concept to increase the supply of raw materials, as well as to generate\u00a0additional income for smallholders through cash crops and livestock farming, he added.<\/p>\n\n\n\n
In addition, he said the government plans to implement the Eastern Region Latex Corridor to obtain local latex products to support the development of the latex rubbber goods manufacturing industry, as well as increase the income of rubber smallholders\u00a0and\u00a0natural rubbber consumption by empowering the tyre industry.<\/p>\n\n\n\n
This will open up new investment opportunities in the country so that the rubber goods manufacturing industry can be further expanded, he added.<\/p>\n\n\n\n
“The tire industry is very competitive with a world market value of almost RM300 billion and the empowerment of the country\u2019s dry rubberr-based industry can also offset our\u00a0rubberr goods manufacturing industry\u00a0which is now dominated by the latex-based industry\u00a0to increase export contributions and the global rubber industry market,” he said.<\/p>\n\n\n\n
— BERNAMA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" KUALA LUMPUR, Sept 14 — The government is committed to stabilising rubber prices and increasing…<\/p>\n","protected":false},"author":1,"featured_media":5930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41,524],"tags":[],"class_list":["post-5929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-nation"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/69429924-row-of-para-rubber-tree-in-plantation-rubber-tapping.jpg",1300,866,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/69429924-row-of-para-rubber-tree-in-plantation-rubber-tapping-150x150.jpg",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/69429924-row-of-para-rubber-tree-in-plantation-rubber-tapping-300x200.jpg",300,200,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/69429924-row-of-para-rubber-tree-in-plantation-rubber-tapping-768x512.jpg",640,427,true],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/69429924-row-of-para-rubber-tree-in-plantation-rubber-tapping-1024x682.jpg",640,426,true],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/69429924-row-of-para-rubber-tree-in-plantation-rubber-tapping.jpg",1300,866,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/69429924-row-of-para-rubber-tree-in-plantation-rubber-tapping.jpg",1300,866,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/69429924-row-of-para-rubber-tree-in-plantation-rubber-tapping.jpg",1268,845,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/69429924-row-of-para-rubber-tree-in-plantation-rubber-tapping.jpg",1024,682,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/09\/69429924-row-of-para-rubber-tree-in-plantation-rubber-tapping.jpg",713,475,false]},"author_info":{"info":["Editor"]},"category_info":"Business<\/a> Nation<\/a>","tag_info":"Nation","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/5929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5929"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/5929\/revisions"}],"predecessor-version":[{"id":5931,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/5929\/revisions\/5931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/5930"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}