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 […]
Positive Effort And Initiatives By Thai Government To Address The Declining Rubber Prices
Positive Effort And Initiatives By Thai Government To Address The Declining Rubber Prices 15 January 2016, 15:00 SEAST IRCo would like to congratulate the Thai Government for taking measures to address the declining rubber prices. The initiatives have slightly reversed the price trend where just within a few days the price reversing from […]
Malaysia, Indonesia & Thailand To Shore Up Rubber Price
Malaysia, Indonesia & Thailand To Shore Up Rubber Price 4 February 2016, 16:50 SEAST Asia’s top rubber producers have agreed to cut exports by 615,000 tonnes for six months from March, moving to lift prices that have tumbled to their lowest since the global financial crisis amid excess supply. Benchmark rubber futures in Singapore and Japan rallied 2-3% on the news. […]
Indonesia 2016 Rubber Exports Seen Declining At Least 8%
Indonesia 2016 Rubber Exports Seen Declining At Least 8% 4 February 2016, 16:50 SEAST Indonesia’s rubber exports are expected to fall by at least 8 percent to 2.4 million tonnes in 2016 from 2.6 million tonnes a year ago, the Indonesian Rubber Association said on Thursday. Association chairman Moenarji said exports would […]
Thailand, Indonesia, Malaysia Curbing Rubber Exports
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
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
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, […]
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 […]