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Thailand, Indonesia, Malaysia Curbing Rubber Exports 4 February 2016, 10:29 SEAST The world’s top three rubber producers are set to limit the amount of natural rubber exported from Mar. 1, in an effort to boost flagging prices. Indonesia, Malaysia and Thailand–which together produce around 70% of the world’s rubber and make up the International Tripartite Rubber […]
Asian Rubber Futures Higher After Top Producers Decide To Curb Exports 4 February 2016, 17:47 SEAST Rubber markets across Asia rallied on news that the world’s top three rubber producers have decided to reduce the amount of natural rubber exported from March 1. Indonesia, Malaysia and Thailand–which together produce around 70% of the world’s rubber […]
Thailand, 2 Nations To Cut Rubber Exports From March 4 February 2016 Source: Bangkok Post Thailand, Indonesia and Malaysia agreed to cut shipments of natural rubber by 615,000 tonnes for six months from March to reduce supplies and boost prices that are trading near six-year lows. The three countries, which account for more than 60% of global output, […]
MEDIA STATEMENT BY THE INTERNATIONAL RUBBER CONSORTIUM (IRCO) ON 4TH AGREED EXPORT TONNAGE SCHEME (AETS) “We shall implement and comply” is the pledge by the Rubber Associations from Thailand, Indonesia andMalaysia when they met at a special meeting organized by the International Rubber Consortium (IRCo) at the Raffles Hotel, Singapore on 26 February 2016. The Governments of […]
ASEAN Rubber Producers Will Cut Exports 4 March 2016, 10:00 SEAST Global rubber prices are expected to recover this year after Vietnam last week agreed to join forces with three other Asean rubber producers to cut exports. Bundit Kerdvongbundit, vice-president of Von Bundit Co, said the International Rubber Consortium last Friday agreed on plans for Thailand, Indonesia and Malaysia to […]
Tocom Surges To 3-Month High 4 March 2016, 17:00 SEAST Natural Rubber (NR) price on Tokyo Commodity Exchange (TOCOM) jumped 11.49% (18.0 yen) from 156.6 yen/kg on 1 March (Tue) to 174.6 yen/kg on 4 March (Fri) 2016. This was the highest price level in 3 months supported by a recovery in […]
SOFT-LAUNCHING OF REGIONAL RUBBER MARKET AT THAI RUBBER ASSOCIATION ANNUAL DINNER 29 APRIL 2016 Thailand, Indonesia and Malaysia under the framework of International Tripartite Rubber Council (ITRC) agreed to establish a Regional Rubber Market (RRM) to provide a platform for Price Discovery. The soft-launch of the RRM was held on 29 April 2016, […]
Uggah Gives Up Federal Minister Post to Improve Sarawak Farmers’ Income 14 May 2016, 14:00 SEAST Newly-appointed Sarawak Deputy Chief Minister Datuk Amar Douglas Uggah Embas has said his priority now is to increase the income of farmers in the Borneo state to at least RM4,000 a month by the year 2020. The Betong MP was […]
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