SIPH: Higher output drives NR sales growth

Paris – Société Internationale de Plantations d’Hévéas (SIPH) has said that a 15% increase in its natural rubber production has helped it largely offset lower sales prices in the first nine months of the year.

In a statement on 16 Nov, the French group said that in the nine months to 30 Sept, total production stood at 150.6 kilotonnes (kt) compared to 130.7kt the previous year.

The average price of rubber in the third quarter 2016, said SIPH, showed a slight decline of 2% compared to the…

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