Top rubber growers to discuss cooperation on Friday
\nReuters
\nJakarta<\/p>\n
The world's top three natural rubber producers -- Thailand,
\nIndonesia and Malaysia -- will meet on Friday to try to iron out
\nproblems linked to last year's tripartite agreement, a senior
\nIndonesian official said.<\/p>\n
The three countries agreed in December to cut output by four
\npercent and exports by 10 percent starting earlier this year to
\nboost rubber prices, which fell late last year to 30-year lows of
\nbelow 50 U.S. cents\/kg.<\/p>\n
\"Thai Prime Minister Thaksin Shinawatra has invited Trade and
\nIndustry Minister Rini Soewandi and Malaysian Primary Industries
\nMinister Lim Keng Yaik to hold talks in Bangkok on Friday,\" Ferry
\nYahya, a senior official from the Trade and Industry ministry,
\ntold Reuters.<\/p>\n
Yahya said the meeting would focus on how to solve the
\nproblems that have hampered implementation of the agreement.<\/p>\n
Speaking on Wednesday, Soewandi said Indonesia would propose
\nThailand revise its intervention policy as most of the
\ndifficulties with the agreement were due to the Thai private
\nsector.<\/p>\n
She said the Thai government had not received much cooperation
\nfrom the private sector which had previously relied heavily on
\ngovernment subsidies.<\/p>\n
Thailand, Indonesia and Malaysia account for around 80 percent
\nof the world's natural rubber production.<\/p>",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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