5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Forest loss from Southeast Asia rubber is up to 3 times more than thought — study

by
October 19, 2023
in Stock
0
Forest loss from Southeast Asia rubber is up to 3 times more than thought — study













Heris Luiz Cordeiro Rocha/CC BY-SA 3.0/Wikimedia Commons

SINGAPORE — Forest loss driven by rubber production in Southeast Asia could be two to three times higher than estimated, highlighting the challenges facing importers under pressure to find sustainable supplies, research showed on Wednesday.

Increasing global rubber demand is adding to pressure on natural forests and driving biodiversity loss, with Southeast Asia, responsible for 90% of global production, bearing the brunt, an international team of researchers warned.

The researchers, in a paper published by Nature, said that previous data suggested rubber was a relatively minor problem when it comes to deforestation, compared with commodities like soy and palm oil.

But high-resolution satellite data, which helped identify more plantations run by smallholders, suggested that forest losses “greatly exceed” previous estimates.

More than 4 million hectares of forest have been lost to rubber plantations since 1993, with two thirds of it in Indonesia, Thailand and Malaysia, they said.

More than 14 million hectares of land in the region — including China’s main rubber-producing provinces of Yunnan and Hainan — are devoted to rubber, up from 10 million in 2020.

Total losses could be even higher, with many plantations launched during a rubber boom 20 years ago now converted to other uses following a price crash in 2011.

A law will come into effect in the European Union (EU) at the end of next year to prevent commodity importers from buying goods that contribute to forest loss.

The law originally applied to soy, beef, palm oil, wood, cocoa and coffee, with rubber added at the request of EU lawmakers last December.

To avoid fines, importers must provide information proving that products do not come from deforested land after 2020.

The rules could encourage buyers to source rubber from big producers with less complicated supply chains, said Antje Ahrends of the Royal Botanic Garden Edinburgh, lead author of the study published on Wednesday.

“Given the multitude of stages in the rubber supply chain, and the scattered nature of rubber production, it is difficult for traders and manufacturers … to locate exact rubber sourcing areas and to verify that no deforestation has occurred,” she said.

Organizations like the Forest Stewardship Council are working to improve traceability for smallholders – responsible for 85% of global production – and ensure their rubber can be sold in Europe, she said. —Reuters

Neil Banzuelo

RELATED ARTICLESMORE FROM AUTHOR



MORE STORIES


Previous Post

US income inequality grew through pandemic years, Fed survey shows

Next Post

Japan calls on Saudi Arabia, others to boost oil output to stabilize prices

Next Post
Japan calls on Saudi Arabia, others to boost oil output to stabilize prices

Japan calls on Saudi Arabia, others to boost oil output to stabilize prices

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Tech that empowers: Helping Filipino women thrive through meaningful, responsive digital financial services

    Tech that empowers: Helping Filipino women thrive through meaningful, responsive digital financial services

    May 10, 2025
    Allied Care Experts (ACE) Medical Center-Palawan to hold Annual Stockholders’ Meeting on June 23 via Zoom

    Allied Care Experts (ACE) Medical Center-Palawan to hold Annual Stockholders’ Meeting on June 23 via Zoom

    May 9, 2025
    Globe Connectivity Visionary Awardee Buds Wenceslao: Elevating urban spaces with digital infrastructure

    Globe Connectivity Visionary Awardee Buds Wenceslao: Elevating urban spaces with digital infrastructure

    May 9, 2025
    Bank of England governor urges UK to rebuild EU trade ties as key summit looms

    Bank of England governor urges UK to rebuild EU trade ties as key summit looms

    May 9, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.