04 Feb 2016

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 […]

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%   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   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 […]