Inro votes on fate of stock
16 December 1999
Inro votes on fate of stock
LEADERS of the International Rubber Organisation (Inro) vote today on liquidating the organisations stockpile of 140,000 tonnes of rubber.
Inro delegates meeting in Kuala Lumpur said the ruling council was likely to approve a proposal to sell the rubber gradually between January 2000 and June 2001.
The buffer stock was acquired as part of Inros role in stabilising world prices, and is being liquidated because the organisation is being wound down.
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