NR producers look toward price 'stabilisation'

ERJ staff report (DS)

Bangkok, Thailand -- Major natural rubber producers in Southeast Asia are planning to set up national funds that can be used for price stabilisation, International Rubber Consortium Chief Secretary Yium Tavarolit said last week.

A report published by Bloomberg and re-posted on International Rubber Consortium's own website, said funds originally earmarked for "rubber development," may be injected into futures markets if necessary,

The International Tripartite Rubber Council discussed the issue of setting up the funds at a meeting last week in Terengganu, Malaysia and a feasibility study is being conducted, Yium said.

A proposal may be submitted to the ITRC ministerial committee this December, he added.

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Press item from International Rubber Consortium