According to Indonesia, “Daily” reported on January 5, Indonesian rubber farmers and businesses agreed on the basis of the total output of 3.18 million tons of rubber in 2013 on the implementation of 2014 will be reduced by 10 percent, hoping to reduce Indonesia’s natural rubber supply in the global market in order to promote the international market, natural rubber prices recovered to above the original $ 3 per kg.
General Chairman of the Indonesian Rubber Association (Gapkindo) Daoud Hosni • Bath • Daly said that by the end of 2013 has called for rubber farmers in January 2014 began to cut production. Because until the end of 2013, still living in natural rubber prices per kg between 2.3 to 2.5 U.S. dollars, resulting in business losses, especially now controls 87 percent of the rubber plantation agriculture in Indonesia. He said that for natural rubber production declined, tapping rubber farmers will reduce the number of daily tapping rubber farmers still go, but not within the same time tapping.
Daoud said rubber prices continued falling, resulting in 2013 in Indonesia’s rubber export value from 2012 to implement the $ 7 billion down to $ 5.5 billion, in 2014, as the global market is not yet stable natural rubber prices are expected to rubber in Indonesia Exports lower than in 2013. “Although the fundamentals pushing rubber prices in 2014, as Chinese demand to increase the storage capacity increases, there is chaos in Thailand, leading to supply rubber exports declined, but so far everything is still normal, resulting in rubber prices remains stable, Indonesia be taken to deal with the attitude. “
Translated by Google Translator from http://news.cria.org.cn/5/19679.html
