Thailand will not continue rubber export curbs

ERJ staff report (BC)

Bangkok – Thailand, the world’s biggest rubber producer and exporter, will not extend restrictions on exporting the commodity when the measure expires on 31 May, Reuters reports a government official as having said. The official added that the curbs had little impact on prices.

Thailand, Indonesia and Malaysia had originally agreed to cut exports by a total of 300 000 tonnes from October 2012. That scheme ended in March, but Thailand said it would continue the curbs for another two months to the…

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