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 […]

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 […]

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 […]