By Kuala Lumpur Newsroom
KUALA LUMPUR (Jul 17) -- Malaysia, Thailand and Indonesia are considering cutting rubber exports by 10% to 15% in order to curb falling prices, Bernama reported citing Malaysia's Plantation Industries and Commodities Minister Mah Siew Keong.
The International Tripartite Rubber Council (ITRC), comprising Malaysia, Indonesia and Thailand, will meet in Bangkok on Sep. 15 to discuss measures to stabilize rubber prices, it said.
The fluctuation of rubber prices, which has dropped significantly since January, is primarily due to declining demand for the commodity, especially from China, the world's largest rubber consumer, it added.
The three countries will increase the use of rubber in their respective countries, it said.
- By Kuala Lumpur Newsroom; email@example.com; +60320267363
- Edited by Lopamudra Bhattacharya
- Send Feedback to firstname.lastname@example.org
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.