Thailand, Malaysia, Indonesia discussed rubber export restriction

 
 
On 29th August, ITRC said, Thailand, Malaysia, Indonesia from 1st October will reduce export rubber, this will continue for 6 months.

The rubber associations of these three countries said, there are 18 million tons will be reduced during October to December, 6 million tons reduces per month. Other 12 million tons will be reduced in next January to March, 4 million tons reduces per month.

On 16th August,   The rubber associations of these three countries agreed to take measures to support natural rubber price. Above all, these three global rubber production countries will reduce 30 million tons of natural rubber exportation.