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.
Illustrative image (Source: Reuters)Hanoi (VNA) – 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.
Indonesia, Malaysia and Thailand, which have together formed the Tripartite Rubber Council (ITRC), said earlier this month that they would cut rubber exports by a total of 240,000 tonnes for four months from April under the Agreed Export Tonnage Scheme (AETS) in an attempt to boost the price of the product.
Indonesia is expect to cut 98,000 tonnes of rubber exports, while it is unclear the cuts of Malaysia and Thailand.-VNA
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