BANGKOK, March 28 – Thailand, the world’s biggest rubber producer and exporter, will continue cutting exports for another two months after a scheme agreed with Indonesia and Malaysia expires at the end of March, a senior government official said on Thursday.
“We feel the current situation is still risky, with external factors threatening to depress rubber prices, so we decided to extend the measure for another two months, as regards Thailand alone,” Amnuay Patise, an adviser to the deputy agriculture minister who oversees rubber issues, told Reuters.
Thailand, Indonesia and Malaysia agreed to cut exports by a total 300,000 tonnes from Oct. 1, 2012, to the end of March.
“We’ll discuss with Indonesia and Malaysia later at an Asian rubber seminar in April whether they want to continue the measure like us,” Amnuay said.
(Source: Reuters)
