Ministry of Environment, Forest, and Climate Change, under the guidance of Bangladesh Forest Industries Development Corporation (BFIDC), has initiated the manufacturing of furniture from rubber wood in Rangamati’s Kaptai upazila.
The prices of latex and rubber sheets have continued to fall in Bangladesh, depriving growers of a better return, although manufacturers and exporters are offering higher rates to suppliers.
The disappointment among rubber growers in Bangladesh is mounting as prices of latex and rubber sheet are declining despite being import substitutes for key materials used in various industries.
According to the Bangladesh Rubber Board and producers, 67,939 tonnes of raw rubber were grown last year, up 58 per cent from 43,000 tonnes in 2021, driven by an increase in the number of gardens and acreages under cultivation