CEO of IRCo Met Representatives From ANRPC Member Governments
CEO of IRCo Met Representatives From ANRPC Member Governments 14 October 2014, 15:00 SEAST Subsequent to the discussion between 5 chairmen of Rubber Trade Associations on previous Friday, 10 October 2014 in Melaka, Malaysia, the Chief Executive Officer of IRCo had an opportunity to meet senior officials/representatives from member Governments of the Association of Natural […]
Five Rubber Trade Associations Agree To Control Prices
Five Rubber Trade Associations Agree To Control Prices 13 October 2014, 09:49 SEAST The rubber trade associations of Thailand, Indonesian, Malaysia, Vietnam and Cambodia have agreed to “urge their members not to offer natural rubber for sale at lower levels than current price,” says the International Rubber Consortium in an announcement on its website. “The five Rubber Trade Associations […]
Global NR Stocks As Reported By IRSG In Its Rubber Statistical Bulletin
Global NR Stocks As Reported By IRSG In Its Rubber Statistical Bulletin � IRCo 14 October 2014, 08:00 SEAST Compiled by IRCo, October 2014Source: IRSG Rubber Statistical Bulletin Upon tabulation of the global NR stocks (as at end 2013) as reported by IRSG in its 3 Bulletins in 2014, it is noticeable that the stocks […]
Asian Rubber Settles Higher; China Jumps Back
Asian Rubber Settles Higher; China Jumps Back 9 October 2014, 17:58 SEAST Asian rubber settled higher Thursday on the prospect of collective producer action to restrict supply. Major rubber producing countries Thailand, Indonesia and Malaysia are set to discuss measures to stem heavy losses in the next few weeks, said Thailand’s Minister of Agriculture and […]
Five Rubber Trade Associations Consensually Agreed To Take Action
Five Rubber Trade Associations Consensually Agreed To Take Action 12 October 2014, 9:00 SEAST The CEO of IRCo invited the Chairmen of five rubber trade associations, i.e. Thai Rubber Association (TRA), Rubber Association of Indonesia (GAPKINDO), Malaysian Rubber Board (MRB), Vietnam Rubber Association (VRA) and Association for Rubber Development of Cambodia (ARDC) on Friday, 10 October […]
The Inconsistency Of Global NR Stocks Reported By LMC Rubber Bulletin
The Inconsistency Of Global NR Stocks Reported By LMC Rubber Bulletin � IRCo 9 October 2014, 16:50 SEAST Compiled by IRCo, October 2014Source: LMC Rubber Bulletin Upon tabulation of the global NR stocks reported by LMC in its monthly Bulletins, IRCo noticed that there are inconsistencies of data particularly in the April, May, June and […]
Rubber Futures Markets Bounce On Prospect Of Producer Action
Rubber Futures Markets Bounce On Prospect Of Producer Action 9 October 2014, 13:44 SEAST Tocom RSS3 rubber futures end higher on the prospect of collective producer action to restrict supply. The upside however is limited with the market skeptical about the impact. “Such announcements require collective action to enforce and from […]
Tocom Rubber Lower; Downside Limited On Producers Action
Tocom Rubber Lower; Downside Limited On Producers Action 9 October 2014, 09:10 SEAST Tocom RSS3 rubber futures are lower on a stronger yen, but the downside is limited on the prospect of coordinated producer action against prevailing low prices, which many say are below production costs. Spot market trade remains slow, however, […]
Tocom Rubber Rises; Vietnam Group Urges Action
Tocom Rubber Rises; Vietnam Group Urges Action 8 October 2014, 09:24 SEAST Tocom RSS3 rubber futures are higher as producer groups are urging action to combat persistently weak prices. Latest to join the fray is the Vietnam Rubber Association (VRA), which is advising members not to offer rubber at prevailing low prices. Members and growers […]
Rubber Producers Move Toward Fighting Price Declines
Rubber Producers Move Toward Fighting Price Declines 7 October 2014, 19:12 SEAST The Southeast Asian cartel that controls the majority of world’s rubber production is moving toward taking action to stem a price slump. Officials from Malaysia and Thailand have discussed taking joint action to support prices, the secretariat for the International Tripartite Rubber Council said […]