Raw rubber exports ban shoots up purchases

Ban In April this year, the Minister of Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, announced a 10-year ban on the export of raw rubber in order to avail the needed raw materials to local processing factories, to protect jobs for the youth, and to add value and increase foreign exchange earnings from the product.

RUPAG stated that given that installed local processing capacity far outstripped local raw rubber production by over 63,000 tonnes annually, the ban on raw rubber export would be of massive benefit to the various industry stakeholders in the economy.

Way forward The RUPAG secretary said the temporary export ban on raw rubber could not disadvantage any stakeholder, but instead would protect national industrial interests, create sustainable jobs, increase foreign exchange earnings and maximise value addition within the country.