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Thailand may not renew rubber export cuts
by hlk Fri 03 May 2013, 16:43
BANGKOK: Thailand, the world’s biggest rubber producer and exporter, is
considering discontinuing measures curbing rubber exports upon their
expiry on May 31 as they have failed to lift prices, a senior
government official said on Friday.
"It is not appropriate for the current situation as prices are
largely dominated by external factors and an action of Thailand alone
is too small to have an impact on prices," said Dumrong Jirasutas, head
of the Department of Agriculture.
Thailand, Indonesia and Malaysia had agreed to cut exports by a
total of 300,000 tonnes. The scheme ended in March, but Thailand alone
continued the policy for another two months till the end of May.--
Reuters
considering discontinuing measures curbing rubber exports upon their
expiry on May 31 as they have failed to lift prices, a senior
government official said on Friday.
"It is not appropriate for the current situation as prices are
largely dominated by external factors and an action of Thailand alone
is too small to have an impact on prices," said Dumrong Jirasutas, head
of the Department of Agriculture.
Thailand, Indonesia and Malaysia had agreed to cut exports by a
total of 300,000 tonnes. The scheme ended in March, but Thailand alone
continued the policy for another two months till the end of May.--
Reuters
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