Beijing – Yunnan Natural Rubber Industry Group (Yunnan Rubber), China’s top natural rubber producer, has suspended tapping at some of its plantations across Yunnan province following drought and pest infestations since this spring.
Shanghai rubber futures climbed 2% last week amid the shortfall, compared with the week before.
Yunnan Rubber currently has 334 million sqm total plantation and 48 processing plants with 500,000 tonne annual capacity.
The drought, heat and ensuing six-spotted mite infestation has hit an array of its plantations, said the company’s website.
Nearly 73 million sqm…