Tocom Rubber Higher As Major Producers Trying To Slow Output


24 June 2015, 09:21 SEAST


Tocom RSS3 rubber futures are higher as major producers are making efforts to curb supply.


International Rubber Consortium chief executive Yium Tavarolit says in his latest market report that as global demand slows, largest producer and exporter Thailand is accelerating the felling of old rubber trees on government land.


The major producing countries of Thailand, Indonesia and Malaysia are also discussing with third largest producerVietnam to encourage farmers to switch crops and slow rubber supply.


Benchmark November Tocom rubber trades Y1.3 higher at Y232.0/kg.