( Update: 25/06/2018 )
According to news agency Bernama, Minister of Industry and International Trade Malaysia, has said it will hold talks with Indonesia and Thailand on the best mechanism to stabilize rubber prices.
Malaysia is a country in three natural rubber producers the world's largest. Last year, Malaysia and two domestic natural rubber production is another major Thailand and Indonesia have reached an agreement on the reduction of 300,000 tonnes of rubber exported, accounting for 3% of global rubber output, during the period from January 10/2012 of May 3/2013.
However, these measures are only effective for a short time. From early May to early 5/2013, world rubber prices fell more than 8%. Therefore, Indonesia and Malaysia have lifted restrictions on the export of rubber after the agreement expires at the end of 3/2013, while Thailand continued to maintain these measures until 31/5 / 2013.
Understanding the difficulty of stabilizing the price of rubber, Minister Datuk Seri Mustapa Mohamed said even if the talks with Indonesia and Thailand successfully and increased rubber prices, Malaysia Government can not guarantee that they can maintain high prices of agricultural products such as, agricultural prices will fluctuate with demand.
According to Minister Mustapa, the price of rubber fell from 3.10 to 3.55 ringgit / kg today due to weak demand from major customers such as China, the U.S. and Europe.
Currently, the Malaysian government is very concerned about the difficulties that rubber growers in the country is facing in the context of falling rubber prices in recent times.
According to Minister Mustapa, 50,000 rubber growers in the state of Kelantan scale is receiving about 500 ringgit / HH. /.
Source: http://cafef.vn
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