Business | Rubber Association of Indonesia

Asked to revitalize cocoa, rubber and coconut plantati, BPDPKS will be changed to BPDP.

July 25, 2024 The government plans to change the Palm Oil Plantation Fund Management Agency (BPDPKS) to the Plantation Fund Management Agency (BPDP). The Coordinating Minister for the Economy, Airlangga Hartarto, conveyed this to the media crew in Jakarta on Thursday (25/7).The conversion aims to increase the plantation sector's results in each region through fund management so that it does not only focus on palm oil plantations. Therefore, Airlangga continued,...

Ministry of Industry Policy Intervention Expected to Reduce The Rate of Natural Rubber Land Conversion

July 12, 2023 The rubber-based industry in Indonesia is entirely developed with a variety of products. To maintain the fulfilment of raw material needs, the Ministry of Industry hopes that the conversion of rubber plantations to other commodities will decrease. Merrijantij Punguan Pintaria, Director of Forest and Plantation Products Industry, Directorate General of Agro-Industry, Ministry of Industry, stated this to Plantation Media. The Ministry of Industry has carried out various...

Natural Rubber Prices in North Sumatra Rise to IDR 8,500 – IDR 9,500/Kg, Farmers Say Still Far From Ideal Price Level

June 12, 2023 The price of natural rubber at the farm level in North Sumatra (SUMUT) is now at IDR 8,500/kg from the previous IDR 7,000/kg. But despite the increase, this price is still far from the farmers' ideal price of IDR 15,000/kg. Since the beginning of 2023, the average price of rubber is still below the farmers' ideal price in the IDR 7,000 to IDR 8,000/kg range. Even farmers...

Indonesia Natural Rubber Production Drops, Rubber Industry Forced to Import

June 21, 2023 Natural Rubber Industry sector experiences a decline for domestic natural rubber production supply since 2017. As a result, total export for natural rubber products has decreased. Executive Director of the Rubber Association of Indonesia (GAPKINDO), Erwin Tunas, said the average yearly export decline was 10%. It is predicted that this will continue this year. Indeed, rubber exports have decreased, so on average, it has almost hit 10%...

The Government of Indonesia is Committed to Keep Stabilizing Rubber Prices and Initiating Regional Rubber Exchanges

May 17, 2023 Indonesia, Thailand, and Malaysia, which are members of the International Rubber Tripartite Council or ITRC, are committed to maintaining international natural rubber prices. Indonesia is also currently initiating the establishment of a regional rubber exchange. Strengthening the position of rubber-producing countries in ASEAN, the three countries will continue to persuade Vietnam to join the ITRC and the International Rubber Consortium or IRCo. On the other hand, IRCo...

A Bundle of regulation to Inhibit palm oil-rubber, Indonesia-Malaysia agreed to have Joint Mission Agenda to the European Union

May 26, 2023 Indonesia and Malaysia have agreed to visit the European Union (EU) in a joint mission to Brussels, Belgium, on 30-31 May 2023. This mission will bring up several issues related to EU regulation that could threaten the sustainability of Indonesian and Malaysian several commodities (palm oil to rubber). Starting from anti-deforestation regulations, which will also threaten exports of coffee, cocoa, cattle, timber, rubber, and soybeans, as well...

Rubber Industry Performance Shifts from Contraction to Expansion Status

April 28, 2023 The rubber, plastic goods, and furniture industry experienced an increase and switched from contraction to expansion in April 2023. The rubber and plastic goods industry increased new orders, unlike last month when distributors reduced orders to clear available stock. A spokesman for the Ministry of Industry (Kemenperin), Febri Hendri Antoni Arif, said during April 2023 IKI releases in Jakarta Friday (28/4) that almost the same conditions were...

Natural rubber demand began to slow recovery, and January export actualization rose 11.7% but still overshadowed by Pestalotiopsis leaf fall disease

February 22, 2023 Actualization of natural rubber exports from North Sumatra for January 2023 shipments rose significantly by 11.7% to 29,585 tons compared to December 2022. It is just that this increase, according to the Executive Secretary for the Rubber Association of Indonesia (GAPKINDO) for the North Sumatra Branch, Edy Irwansyah, this actualization has not been able to reach a normal average monthly export of around 38,000-40,000 tons. On a...

The Gloomy Situation for Indonesian Natural Rubber, Rubber Factory Collapsed Due to Land Conversion

February 28, 2023 One by one, the crumb rubber factories in West Sumatra collapsed from business, caused by the lack of supply of raw materials due to land conversion. Dusk when the latex industry in Tanah Gadang begins. The West Sumatra Province Industry and Trade Service (Disperindag) disclosed the closure of the rubber factory. Head of the Non-Agro Industry Sector, West Sumatra Disperindag Wahendra, said three rubber factories closed in...

Indonesia and Malaysia Open the Table for Discussing the Palm Oil and Natural Rubber Trade Challenges

February 10, 2023 The Minister of Trade (Mendag) of the Republic of Indonesia, Zulkifli Hasan, discussed the challenges and dynamics of global trade in palm oil and natural rubber commodities with Malaysian Deputy Prime Minister and Minister of Agriculture and Commodities, Dato' Sri Haji Fadillah bin Haji Yusof. The Minister of Trade said that he and Deputy Prime Minister Dato' Sri Haji Fadillah Bin Haji Yusof met to discuss increasing...

Overshadowed by discriminatory policies, will the European Union enforce policy for Indonesian natural rubber and palm oil commodities?

January 31, 2023 Indonesia is the world's largest producer of essential commodities, including palm oil and natural rubber. The world's demand for these two commodities is increasing in line with the increase in world population, developments in lifestyle trends, and the increasing variety of consumer products. The current increase in world demand for palm oil is also triggered by the increasing need for renewable energy sources and the disruption of...

Natural Rubber Industry Expected to Support Earthquake-Resistant Infrastructure Industry Development

January 30, 2023 The natural rubber industry is one of the industries that contribute significantly to the national economy. Its contribution to national Gross Domestic Product (GDP) growth will reach IDR 69.07 trillion in 2021, up 1.08% compared to the previous year, which amounted to IDR 68.34 trillion. The Coordinating Minister for the Economy, Airlangga Hartarto, explained that this growth was evident in the rubber industry, especially in the rubber,...

Ministry of Industry: Rubber Commodity Contributes IDR 110 Trillion in Foreign Exchange and Absorbs 60,000 Workers

December 19, 2022 The Director General of Agro-Industry at the Ministry of Industry (Kemenperin), Putu Juli Ardika, said that rubber commodities have an essential role in the national economy. According to data from the Ministry of Industry, the national rubber industry (upstream and downstream sectors) significantly contributes to foreign exchange earnings of US$7.1 billion, equivalent to Rp.110.69 trillion in 2021. Putu said that Indonesia is the world's second-largest natural rubber...

Gala Dinner GAPKINDO 2022

August 14, 2022 After Congress, which resulted in the decision of the management for the 2022-2025 period, the 2022 GAPKINDO Gala Dinner was held at Coconut Garden, Grand Hyatt Hotel, Nusa Dua, Bali Friday, July 22, 2022, which was attended by all participants of the XIX Congress along with invited participants. From Indonesian natural rubber buyers: Goodyear, Bridgestone, Michelin, Sumitomo and Chairman of DEKARINDO (Indonesian Rubber Council) Mr Aziz Pane,...

GAPKINDO Held the XIX Congress

August 14, 2022 The Rubber Association of Indonesia (GAPKINDO) successfully held the XIX GAPKINDO Congress at the Grand Hyatt Hotel Bali Nusa Dua, July 20-21, 2022. The Congress under the theme "Synergy to Build a Sustainable and Equitable National Rubber" was attended by the central and branch board of GAPKINDO as well as the head of member companies in GAPKINDO. In his speech when officially open the Congress, the Chairman...

Indonesia to begin offering booster shots on Jan 12

Jan 04, 2022 JAKARTA (Jan 3): All adults in Indonesia will get their booster doses for Covid-19 vaccine starting Jan 12, said Health Minister Budi Gunadi Sadikin. Read More

Crumb Rubber Factory in West Kalimantan Experiences the Supply Shortage for Raw Materials (Bokar) Around 50%

Crumb rubber factories in West Kalimantan reported a shortage of raw materials for processing rubber (Bokar), reaching 50% of the total factory capacity that must be produced, so they have to bring it in from outside the region. Chairman of the Rubber Association of Indonesia (GAPKINDO) for West Kalimantan region, Jusdar, as quoted by Antara, Thursday, July 8, 2021, said the main problem faced by rubber factories today is the...

The Ministry of Agriculture Targets 1,100 Ha for Replanting Natural Rubber Plantation in 2021

In 2021, the Directorate General (DG) of Plantations of the Ministry of Agriculture (Kementan) targets replanting smallholder rubber plantations of 1,100 ha. The goal is to increase the productivity of rubber. The Directorate General of Plantations noted that 168,000 ha of smallholder rubber plantations needed rejuvenation. Currently, the area of rubber plantations is around 3.6 million ha, with a production of 3.7 million tons. Meanwhile, the national rubber production in...

The Exports of Rubber and Rubber Goods Targeted at US$ 6.3-7.3 billion

The government and rubber industry players are targeting exports of rubber and rubber goods in 2021 to reach US$6.3-7.3 billion, 12.5-30.4% higher than the export value in 2020, which reached US$5.6 billion.The target of achieving rubber exports and rubber goods was agreed in a meeting held by the Directorate-General for National Export Development of the Ministry of Trade on June 21, 2021, in Jakarta, attended by representatives of the Rubber...

Foreign Importers Ask for Delayed Delivery, North Sumatra’s Rubber Exports Drop 10.3%

Export activities of rubber commodities from North Sumatra experienced a significant decline in April 2021. Executive Secretary at the Rubber Association of Indonesia (GAPKINDO) for North Sumatra Region, Edy Irwansyah, said that North Sumatra's rubber export performance in April 2021 was only 31,555 tons. It fell 10.3% compared to the previous month, which reached 35,190 tons. However, Edy said the total rubber export volume during January-April 2021 increased by 3.4%...

Natural Rubber Commodities in West Sumatra are starting to be replaced by Coconut

The West Sumatra Provincial Government no longer uses rubber as one of the leading commodities. Even starting in 2021, the West Sumatra Horticultural and Plantation Food Crops Office have not allocated rubber plants assistance. Head of the Office of Horticultural Food Crops and Plantation of West Sumatra, Syafrizal, said there were many reasons to no longer concern to plant natural rubber commodity. This, according to Syafrizal, was done because, among...

Nearly No Demand During Pandemic, Car Selling Down 90%

Covid-19 pandemic inflicted a significant blow to the automotive sector. Vehicle sales in April 2020 fell by 90.6% compared to the same month in the previous year due to weakening purchasing power and lack of demand. The Association of Indonesian for Automotive Industries (GAIKINDO) noted that car sales in April 2020 declined 90.6% to only 7,871 units compared to the same month in the previous year, which reached 84,056 units....

In the Middle of Pandemic, Rubber Factory Still Operates

The West Kalimantan Plantation Office confirmed that the rubber factory in its area was still operating amid the COVID-19 outbreak. The Head of the West Kalimantan Plantation Office, Heronimus Hero, accompanied by the Chairman of the West Kalimantan Indonesian Rubber Company (GAPKINDO), Jusdar and other entourage visited a rubber processing factory at PT Hok Tong Pontianak. The visit was to ensure that the rubber factory amid the COVID-19 outbreak in...

Category: Business