Indonesia’s Rubber Production to Drop 15% in 2019 Due to Disease
24 July 2019, Reuters Indonesia’s natural rubber output is expected to drop 15% in 2019 compared to 2018’s production of 3.76 million tonnes due to a fungal disease, a senior agricultural ministry official said on Wednesday. “The (disease causing) fungus has attacked around 381,900 hectares (of plantations) and is predicted to spread further,” said Kasdi […]
Media Release by the International Tripartite Rubber Council (ITRC) on 1 July 2019, Krabi, Thailand
The Senior Officials from Thailand, Indonesia and Malaysia under the framework of the International Tripartite Rubber Council (ITRC) met on 27 June 2019 in Krabi, Thailand. The meeting discussed the current global natural rubber (NR) fundamentals under the schemes of ITRC namely the Supply Management Scheme (SMS), Demand Promotion Scheme (DPS) and Agreed Export Tonnage […]
Media Release by the International Rubber Consortium (IRCo) on 4 April 2019, Bangkok, Thailand
The Board of Directors (BoD) of the International Rubber Consortium (IRCo) met on 4 April 2019 in Bangkok, Thailand. The BoD consists of representatives from Thailand, Indonesia and Malaysia. The meeting reiterated the implementation of the 6th Agreed Export Tonnage Scheme (AETS) through their respective domestic regulators for the period of 4 months since 1 […]
Indonesia, Malaysia and Thailand Agree to Cut Rubber Exports
Indonesia, along with two other members of the International Tripartite Rubber Council (ITRC) — Malaysia and Thailand – will cut the export of natural rubber in an attempt to stabilize the commodity’s global price. Starting April 1, Indonesia will cut rubber exports by 98,160 tons over the next four months, while Malaysia will cut the […]
Indonesia Offers to Cooperate with Thailand to Stabilise Rubber Price
The Indonesian government has offered to cooperate with Thailand and Malaysia to stabilise the sluggish price of rubber. “Indonesia, Thailand, and Malaysia are three major rubber exporting countries. Hence, Indonesia has emphasised the need to strengthen cooperation in stabilising the rubber price, because the three nations are the most affected by the global decrease in […]
Outcome of the Special ITRC Senior Official Meeting (SOM) on 4 – 5 March 2019
OUTCOME OF THE SPECIAL SENIOR OFFICIAL MEETING (SOM) OF THE INTERNATIONAL TRIPARTITE RUBBER COUNCIL (ITRC) 4 – 5 March 2019 Bangkok, Thailand 1. ITRC Senior Officials from Thailand, Indonesia and Malaysia under the framework of the International Tripartite Rubber Council (ITRC) met on 4 – 5 March 2019 in Bangkok to finalise […]
ITRC Joint Communique/Media Release
JOINT COMMUNIQUE/MEDIA RELEASE SPECIAL MINISTERIAL COMMITTEE MEETING (MCM) 2019 INTERNATIONAL TRIPARTITE RUBBER COUNCIL Three Ministers from the main natural rubber (NR) producing countries, namely Thailand, Indonesia and Malaysia, attended the Special Ministerial Committee Meeting of the International Tripartite Rubber Council (ITRC) on 22 February 2019. The Meeting was hosted by Thailand as the largest producer […]
Progress on Para-Soil Cement Road Project in Thailand
Thailand as the largest producers of natural rubber (NR) have been implementing para-soil cement road project during the period from December 2018 – September 2019. The objective of this project is to increase NR domestic consumption as an effort to stabilise improve NR prices to be fair and remunerative to all rubber smallholders and other […]
Media Release by International Tripartite Rubber Council (ITRC) on 13 December 2018, Putrajaya, Malaysia
The officials from Thailand, Indonesia and Malaysia under the framework of the International Tripartite Rubber Council (ITRC) met on 12 – 13 December 2018 in Putrajaya, Malaysia to address the prolonged low and unremunerative NR prices. 2. The Meeting deliberated on the current global NR market situation and analysed the relevant NR and other market […]
The Analysis of Natural Rubber (NR) Stock
The analysis comprises the relationship between the NR stock and price in SHFE, the level of NR stock in Qingdao as compared to China’s monthly NR consumption and the importance of sustainable NR supply to meet the consumption. 1) The Relationship between the NR Stock and Price in SHFE: SHFE NR Stock Increases but It […]