Farmers see price bounce in rubber

22 January 2015

Farmers and government officials are anticipating a rubber price increase this year as neighboring nations move closer to capping exports of the commodity.

The expected prices to bounce back in 2015 as Thailand, Indonesia and Malaysia – the top three producers of the commodity – lead a regional effort to taper supply. Sliding natural rubber prices last year prompted the governments of Thailand, Indonesia and Malaysia, with additional help from Cambodia, Laos, Myanmar and Vietnam, to take joint action to reduce supply.

The seven countries, which account for more than 70% of global natural rubber production, met in October to discuss the exports cap. Another regional meeting on the move is expected in February.

Source:

http://www.phnompenhpost.com/business/farmers-see-price-bounce-rubber