Vietnam may join top rubber producers’ group

ERJ staff report (BC)

Kuala Lumpur – Vietnam, the world’s fourth-largest rubber exporter, may join the International Tripartite Rubber Council of top producing nations, strengthening the group which has agreed to cut shipments to support prices.

The council includes Thailand, Indonesia and Malaysia, representing around 70 per cent of global supply.

Vietnam is considering the move and collecting more information before reaching a decision, Tran Tuan Anh, deputy minister of industry and trade, told the Business Times of Kuala Lumpur on 3 December, without giving a timeframe.

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