ITRC Media Statement

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

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

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

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

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 […]

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 […]

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 […]

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 […]