Natural rubber producers to cut exports

Bangkok – International Tripartite Rubber Council (ITRC) countries Thailand, Indonesia and Malaysia have agreed to cut natural rubber (NR) exports by a combined 200,000-300,000 tonnes.

During a 21 Feb meeting in Bangkok, government ministers from the three countries said ITRC officials would discuss details of an ‘agreed export tonnage scheme’ within two weeks.

The move is intended to address “the prevailing depressed NR price level,”  according to the International Rubber Consortium (IRCo) – ITRC’s operational arm.

NR markets and prices have been “hovering at a low level throughout…

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