Thursday, January 22, 2009

Another One Bites The Dust

The recycling industry has not been spared from the global economic downturn. There is a shortage of buyers from all over the world. The slump has caused the prices to drop 80% to 90%. Plastic scraps, sold at RM1.30 per kg before the slump, are now a paltry 30 sen, while the price of waste paper has halved.

The slump in the scrap business may cause some collectors and traders to go out of business as they cannot cover their operating costs. Those who have holding power may resort to keep the scraps, hoping to sell when the prices go north. Hedging the bet as they reckon what goes down, will come up.

However many charitable organization may resort to other form of fund raising. Many sell recyclables as their primary revenue to run the activities. They have to work harder to collect more as they have to cover their operating funds.

Consumers and small time collectors, too, felt the pinch. Nevertheless the plunging prices should not change the consumers’ attitude towards recycling. No matter what, we should be committed to recycling our trash and preserve the environment.
At the very least, separate paper and plastics from the rest of the waste! If you do not know where to dispose them, kindly contact this charitable organization for pick up :
Lovely Disabled Home, No.1 Jln SS2/5, 47300 Petaling Jaya, Selangor. Tel 603-78739622 or 013-3409622 email . This home provides shelter to the physically challenged and at the same time creates job opportunities to them.

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