Yunnan Establishes International Rubber Trading Center

Yunnan International Rubber Trading Center was established in Yunnan province lately.

With a registered capital of 50 million yuan, the center was established by Yunnan State Farms Group Co., Ltd.

The ultimate target of the center is to become a leading e-commerce platform of the industry, a national spot natural rubber pricing center, as well as an international natural rubber trading center.

Meng Qinghong, deputy governor of Kunming city, the provincial capital, expected Yunnan State Farms to build the trading center into an international rubber trading platform as well as a leading e-commerce company with distinctive features.

He emphasized that Kunming government will continue to pay attention to and support the e-commerce sector, and to make efforts to create a good environment for the development of the e-commerce market.

Chi Zhonghua, general manager of Yunnan State Farms, said natural rubber is important national strategic resource and industrial material, it is also an industry that Yunnan has traditional advantage.

Because of critical requests for geological and climatic conditions, only Yunnan, Hainan, and a few areas of Guangdong province are suitable to grow natural rubber, the self-sufficiency ratio is less than 20%.

Over the past few years, global natural rubber output has shown a declining momentum.