Rubber Export Restrictions

 3 State Manufacturers Rubber Export Restrictions Not to Decide

The three major rubber producing countries of the world is Indonesia, Malaysia and Thailand have not made an official decision about the restrictions on exports of natural rubber even though the price has been below 3 U.S. dollars per kg or U.S. $ 2.788 June 26, 2012.
"The talk in that direction (export restrictions) was already there, but the final official or not. Three countries are still talking while watching market conditions," said Executive Secretary of the Indonesian Rubber Companies Association (Gapkindo) Edy Irwansyah in Medan North Sumatra, Wednesday, June 27, 2012 .
He said that answer questions following the re-export rubber price slump has even touched the figure of less than 3 U.S. dollars per kg.
Rubber price in Singapore stock market closed on June 26 2.788 U.S. dollars per kg for shipment in July and August to 2.790 U.S. dollars, whereas on 27 April the price was U.S. $ 3.648 per kg.
With the weakening of export prices, though prices of rubber (bokar) in North Sumatra manufacturer also depressed or live-Rp23.300 Rp21.300 per kg from the previous-Rp30.300 Rp28.300 per kg.
Rubber prices continue to fluctuate is that the impact of the economic crisis that hit Europe and the United States, he said.
Weakening trend in selling prices and reduced production volume of rubber exports made SIR20 of Sumatra in the first quarter of 2012 fell 18 percent over the same period last year.
In the first quarter of last year the export volume reached 144 764 tonnes while the same period this year only 118.997 tons.
Outside China, exports of natural rubber during the largest North Sumatra, among others, to the U.S. and Europe.
Head of the Central Statistics Agency (BPS) said Suharno North Sumatra, the export value of rubber and rubber goods in the first quarter Sumatra was dropped to 831.375 million U.S. dollars from 1.320 billion U.S. dollars in same period last year.
Decline in export value has been seen since the beginning of the year and continues until April when staying 217.100 million from 218.666 million U.S. dollars in March.
There are forecasts of foreign exchange fell back to June because of the rubber exporter claimed the price of a downward trend, he said.(Ant)