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Maroc Maroc - BUSINESSMIRROR.COM.PH - A La Une - 18/Jun 12:12

PHL rubber production struggles amid global shortage, rising demand

Local suppliers grappled with a shortage of rubber three years ago, when they were forced to shell out more money to fill up their requirements. The global shortage caused Philippine companies to pay 40 to 50 percent more for their rubber needs in 2021 compared to what they had to pay in 2019

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