Higher output helps SIPH offset low NR prices

Paris – Société Internationale de Plantations d’Hévéas (SIPH) achieved first-half sales of €99.1 million at its natural rubber (NR) business, despite a decline in prices for the raw material.

Over the six months to 30 June, NR prices were well below the level of last year – a Q2/16 average of €1.22/kg was 11-percent below the level of last year, while the current price was down to around €1.16/kg.

SIPH reported a total rubber production of 79.3 kilotonnes (kt), up by nearly 10 percent. The increase, it said,…

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