Rubber producers to support regional market plan

ERJ staff report (BC)

Jakarta – Rubber producers in Indonesia, the world’s second-largest supplier of natural rubber, are to support a proposal by the International Tripartite Rubber Council (ITRC) to set up a regional market for rubber contract spots and futures, reports Linda Yulisman of the Jakarta Post.

Asril Sutan Amir, a member of the Indonesian Rubber Association (Gapkindo) advisory council, predicted that the regional market could be established as soon as next year, engaging other Southeast Asian countries besides the two top producers, Thailand and Malaysia.

“The…

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