Concerted Effort To Revive Natural Rubber Prices By Major Producing Countries

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After IRCo released a Statement on current Natural Rubber (NR) price on 9 February 2014 and advised respective rubber trade Associations in ITRC countries to jointly encourage their members not to offer NR at prevailing low price, IRCo received strong supports from the three rubber trade Associations.

At the same time, Vietnam Rubber Association (VRA) also expressed its support on concerted effort to revive NR prices as highlighted in the letter below. Currently, Vietnam is the 3^rd largest producer and the 4^th exporter of NR.

Source: IRCo