{
    "success": true,
    "data": {
        "id": 1231612,
        "msgid": "association-doubts-rising-rubber-price-to-persist-1447893297",
        "date": "2002-06-18 00:00:00",
        "title": "Association doubts rising rubber price to persist",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Association doubts rising rubber price to persist Adianto P. Simamora, The Jakarta Post, Jakarta The price of natural rubber in the international market has been on the rise during the past several months, but local rubber association doubted whether the trend would continue throughout the remaining period of this year.",
        "content": "<p>Association doubts rising rubber price to persist<\/p>\n<p>Adianto P. Simamora, The Jakarta Post, Jakarta<\/p>\n<p>The price of natural rubber in the international market has been<br>\non the rise during the past several months, but local rubber<br>\nassociation doubted whether the trend would continue throughout<br>\nthe remaining period of this year.<\/p>\n<p>\"The price has been recovering but it is still questionable if<br>\nthe trend will continue,\" Suharto Honggokusumo, executive<br>\ndirector of the Indonesian Rubber Association (Gapkindo) told The<br>\nJakarta Post on Monday.<\/p>\n<p>As of last Friday, rubber price reached US$0.80 per kilogram,<br>\ncompared with $0.45 per kilogram in December.<\/p>\n<p>\"This (price hike) is only a seasonal trend mainly due to the<br>\ncombination of limited stocks and high demand in international<br>\nmarkets,\" he said.<\/p>\n<p>According to Suharto, the decrease in rubber stocks are due to<br>\nthe weather condition in several producing countries including<br>\nIndonesia.<\/p>\n<p>Indonesia is the second largest rubber producer in the world<br>\nafter Thailand with a total output of about 1.55 million tons<br>\nlast year.<\/p>\n<p>Minister of Industry and Trade Rini M. Soewandi earlier said<br>\nthat she and her counterparts from Thailand and Malaysia were<br>\nplanning to cut rubber output in a bid to help jack up rubber<br>\nprices to around $1 per kilogram this year.<\/p>\n<p>In December, ministers from Indonesia, Thailand and Malaysia<br>\nsigned a joint ministerial declaration to cut combined rubber<br>\noutput by 4 percent and exports by 10 percent in 2002.<\/p>\n<p>Under the declaration, Thailand had pledged to lower its<br>\nexport to 1.97 million tons of rubber while Indonesia has set a<br>\nlimit of 1.23 million tons and Malaysia will cap its export<br>\nvolume at 227,000 tons.<\/p>\n<p>Combined natural rubber production from the three countries<br>\nrepresents around 80-85 percent of global rubber supplies.<\/p>\n<p>The three countries also plan to form a US$225 million new<br>\njoint venture company this year to help jack up the rubber price.<\/p>\n<p>The planned International Tripartite Rubber Council, or ITRC<br>\nwould buy excess stock and hold it from the market.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/association-doubts-rising-rubber-price-to-persist-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}