China February factory activity contracts at record pace as coronavirus bites
FEBRUARY 29, 2020 China’s official Purchasing Managers’ Index (PMI) fell to a record low of 35.7 in February from 50.0 in January, the National Bureau of Statistics said on Saturday, well below the 50-point mark that separates monthly growth from contraction. The data foreshadows that the economic disruption from the virus will likely extend to […]
Media Release by the International Tripartite Rubber Council (ITRC) on 5 December 2019 in Jakarta, Indonesia
1. The Senior Officials from Thailand, Indonesia and Malaysia (TIM) under the framework of the International Tripartite Rubber Council (ITRC) met at its 33rd Meeting on 4th and 5th December 2019 in Jakarta, Indonesia. The meeting discussed the current global natural rubber (NR) market situation in particular on the unfavourable rubber prices affecting the sustainability […]
Thailand is using drone to spray chemicals as an effort to stop the spread of Pestalotiopsis fungal disease in Narathiwas.
Media Release by the International Tripartite Rubber Council (ITRC) and the International Rubber Consortium (IRCo) on 6 November 2019, Bangkok, Thailand
1. Representatives from Member Countries of the International Tripartite Rubber Council (ITRC) namely Thailand, Indonesia and Malaysia (TIM) have met several times to discuss and analyse the prevailing market situations of natural rubber (NR) including implementation of reduction, export value, affected production by disease and price. 2. ITRC Member Countries have completed the implementation of […]
IRCo Welcomes Mr. Picheat Prommoon as the New Chief Executive Officer (CEO) of IRCo
The office of IRCo welcomes Mr. Picheat Prommoon as the Chief Executive Officer of IRCo, effective 1 September 2019. Mr. Picheat who was the Director of Rubber Research Institute of Thailand (RRIT) has been appointed by IRCo Board of Directors to lead IRCo’s office in Bangkok, Thailand. With the vast experiences as a former Director […]
The Outbreak of Pestalotiopsis Disease Affecting Huge Hectarage of Rubber Plantations in Indonesia
Pestalotiopsis disease (Fungal disease) is affecting 382,000 hectares of rubber plantations in Indonesia especially South and North Sumatra, Bangka Belitung as well as South, Central and West Kalimantan. Due to the disease, Indonesia’s natural rubber production is expected to drop 15% in 2019 compared to 2018’s production of 3.76 million. For more information, please see […]
Media Release by the International Rubber Consortium (IRCo) on 19 August 2019, Bangkok, Thailand
1. The Board of Directors (BoD) of the International Rubber Consortium (IRCo) consisting of representatives from Thailand, Indonesia and Malaysia (TIM) met on 16 August 2019 in Bangkok, Thailand. 2. The Meeting was updated on the performance of implementing the 6th Agreed Export Tonnage Scheme (AETS) by ITRC Member Countries. TIM confirmed their […]
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 […]