Bangkok, Jul 24 (Prensa Latina) Thailand, Indonesia, Malaysia, the three major producers of rubber latex in Southeast Asia, might reduce their exports of that product to balance international prices.
Local media quoted government sources, according to which, the reduction in production by 300,000 tons will start in August, although the final decision will be made at one of the regular meetings among the main producers.
Thailand is the world’s largest rubber producer with 4.5 million tons a year, Indonesia makes 3.1 million tons, and Malaysia has an output of 720,000 tons.
Altogether, Southeast Asia supplies about 12 million tons of rubber, nearly 60 percent of the world production.
