Top natural rubber producers consider more export curbs -ITRC

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JAKARTA, Dec 5 (Reuters) – The International Tripartite Council (), which includes top producers , Indonesia and Malaysia, is considering another export curb to help stabilise , the group said in a statement on Thursday.

The Agreed Export Tonnage Scheme (AETS), will “anticipate any unfavourable conditions in the future” the group said after a meeting in Jakarta.

The ITRC reduced by 441,648 tonnes under the AETS earlier this year, more than the targeted cut of 240,000 tonnes.

Association Chairman Moenarji Soedargo said the extension of AETS was not discussed in an August meeting of the group because output was expected to decline as a disease hit rubber plantations in parts of Indonesia.

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The ITRC said 2019 was expected to fall by 800,000 tonnes due to an outbreak of the Pestalotiopsis fungal disease, erratic weather conditions and sluggish activities after a prolonged spell of low prices.

The fungal disease has affected 380,000 hectares (939,000 acres) of rubber plantation in Indonesia, 52,000 hectares in Thailand and 5,000 hectares in Malaysia, according to Thursday’s statement.

In the worst cases, the disease can reduce production by 70% to 90%, the ITRC said. (Reporting by Bernadette Christina Munthe Writing by Fransiska Nangoy; Editing by Kirsten Donovan)

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