RI near to forming rubber body<\/p>\n
JAKARTA (JP): Indonesia, Thailand and Malaysia plan to set up
\nan international rubber producers association to replace the
\nInternational Natural Rubber Organization (INRO), an executive of
\nthe Indonesian Rubber Producers Association said on Monday.<\/p>\n
\"Implementation of the plan is awaiting a final decision from
\nThailand, the world's largest rubber producer,\" Surya Mercu told
\nAntara in Medan, North Sumatra.<\/p>\n
He said Thailand's participation was crucial to the viability
\nof the planned association. It has annual output of two million
\nmetric tons.<\/p>\n
\"The association will have market clout because the three
\nfounding members account for 85 percent of the world's natural
\nrubber production,\" Surya added.<\/p>\n
Thailand has withdrawn from INRO while Malaysia will quit the
\norganization later this month.<\/p>\n
\"INRO will be meaningless without the participation of these
\nlargest producers,\" Surya said.<\/p>\n
Indonesia is the world's second largest producer with an
\nannual output of 1.4 million tons and Malaysia third with 900,000
\ntons.<\/p>\n
He said the association would have strong bargaining power in
\nthe market and would therefore be able to influence rubber prices
\nin favor of the producers.<\/p>\n
Surya accused INRO of failing to maintain fair prices for
\nproducers and securing an adequate supply to consumers.<\/p>\n
\"Since its establishment five years ago INRO
\ntended to work more for the benefit of consumers than producers,\"
\nSurya said. (06)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/ri-near-to-forming-rubber-body-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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