Inro intervention boosts rubber market
NATURAL rubber prices have risen in the market after support from the International Natural Rubber Organisation (Inro).
Inro began buying rubber when the average price fell below its “must buy” level of M$1.72/kg (27p/kg).
Inro has been heavily criticised by the major rubber producers in the past for its failure to intervene.
- Rubber producers meet to discuss new system, FWi, yesterday (8 September, 1998)
- Rubber agreements about to end, FWi, 25 August, 1998
- Financial Times 09/09/98 page 48