Malaysia, Indonesia & Thailand To Shore Up Rubber Price
Malaysia, Indonesia & Thailand To Shore Up Rubber Price 4 February 2016, 16:50 SEAST Asia’s top rubber producers have agreed to cut exports by 615,000 tonnes for six months from March, moving to lift prices that have tumbled to their lowest since the global financial crisis amid excess supply. Benchmark rubber futures in Singapore and Japan rallied 2-3% on the news. […]
Positive Effort And Initiatives By Thai Government To Address The Declining Rubber Prices
Positive Effort And Initiatives By Thai Government To Address The Declining Rubber Prices 15 January 2016, 15:00 SEAST IRCo would like to congratulate the Thai Government for taking measures to address the declining rubber prices. The initiatives have slightly reversed the price trend where just within a few days the price reversing from […]
Thailand Approves $151 Million Budget To Buy Rubber From Farmers
Thailand Approved $151 Million Budget To Buy Rubber From Farmers 19 January 2016, 19:09 SEAST Thailand has allocated the budget to purchase rubber at a premium, in a bid to help farmers hurt by the commodity’s falling price. Government spokesman Maj. Gen. Sunsern Kaewkumnerd said Tuesday the cabinet has approved the allocation of 5.47 billion […]
Government To Buy Rubber At B45 A Kg
Government To Buy Rubber At B45 A Kg 14 January 2016, 15:52 SEAST The government will buy raw rubber sheets from the current crop directly from planters at 45 baht a kilogramme. Eight ministries agreed to buy 100,000 tonnes of rubbers for use in their existing projects as the government saw it as […]
Thai Government To Buy Rubber, But Below Price Farmers Want
Thai Government To Buy Rubber, But Below Price Farmers Want 14 January 2016, 07:26 SEAST By Patpicha Tanakasempipat and Pracha Hariraksapitak Thailand’s government said on Thursday it will buy 100,000 tonnes of rubber to help support farmers hurt by a price slump to near seven-year lows, although it set an offer price well […]
Top Rubber-Producing Countries Aim To Set Up New Trading Platform
Top Rubber-Producing Countries Aim To Set Up New Trading Platform 4 December 2015, 08:49 SEAST Ministers from the world’s top three rubber producers could set up a new trading platform for the commodity by the end of the first quarter of 2016, as they try to turn around five years of falling prices. […]
Joint Communique/Media Release of ITRC Ministerial Committee Meeting 2015
Joint Communiqu�/Media Release International Tripartite Rubber Council (ITRC) Ministerial Committee Meeting 2015 Thursday, 3 December 2015 Jakarta, Indonesia _____________________________________________________________ The Ministerial Committee Meeting of the International Tripartite Rubber Council (ITRC) was held in Jakarta, Indonesia on Thursday, 3 December 2015. The ITRC was represented by Thailand, Indonesia and Malaysia (TIM). The ITRC Ministerial Committee […]
Positive NR Fundamentals For The First 10 Months Of 2015
Positive NR Fundamentals For The First 10 Months Of 2015 10 November 2015 Highlights: * NR Production dropped 0.9% * NR Consumption increased 3.8% * World NR Stocks decreased 17.6% For the first 10 months of 2015, NR fundamentals remain intact as indicated by the decrease of NR production in Association of Natural […]
China’s Imports Of Natural And Synthetic Rubber Jumped 36.7%, Y-O-Y, In October 2015
China’s Imports Of Natural And Synthetic Rubber Jumped 36.7%, Y-O-Y, In October 2015 23 November 2015 In October 2015, the preliminary China’s rubber imports (natural and synthetic rubber) jumped by 36.7% to 410,000 MT as compared to 300,000 MT in October 2014, according to the China’s General Administration of Customs. As a result, there […]
China October Auto Sales Up 11% After Tax Cut Boosts Demand
China October Auto Sales Up 11% After Tax Cut Boosts Demand 6 November 2015 Source: Bloomberg and IRCo Passenger-vehicle sales in China increased at the fastest pace in seven months after the government cut a tax on car purchases to boost sagging demand in the world�s largest automobile market. In October 2015, retail deliveries of […]