Thailand delays rubber export cuts due to election
Thailand, the world’s top natural rubber producer, would delay its cuts in rubber exports till May 20 instead of the initially planned date of April 1 due to its general election, according to officials from Indonesia and Malaysia.
Hanoi (VNA) – Thailand, the world’s top natural rubber producer, would delayits cuts in rubber exports till May 20 instead of the initially planned date ofApril 1 due to its general election, according to officials from Indonesia andMalaysia.
Indonesia, Malaysia and Thailand, which have together formed the TripartiteRubber Council (ITRC), said earlier this month that they would cut rubberexports by a total of 240,000 tonnes for four months from April under theAgreed Export Tonnage Scheme (AETS) in an attempt to boost the price of theproduct.
Indonesia is expect to cut 98,000 tonnes of rubber exports, while it is unclearthe cuts of Malaysia and Thailand.-VNA
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Illustrative image (Source: Reuters) 
