Rubber producing countries may introduce
appropriate measures to counter a further fall in natural rubber prices,
according to the International Rubber Consortium. Natural rubber producing
countries are monitoring a widening gap between the Thailand rubber export
price and futures, which may encourage them to introduce appropriate measures
to counter a further fall.
Tokyo Commodity Exchange futures have fallen
on concerns over expanding stockpiles and easing demand. The most active
contract in Tokyo closed at ¥240.1 a kg. Thailand, Indonesia and Malaysia,
haven’t made any joint official announcement on an export restriction after a
program to cut shipments by 300,000 tonnes ended in March.
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