Rubber prices set to plummet

22 April 1999

Rubber prices set to plummet

GLOBAL rubber prices are set for a massive downward correction if there is a break-up of the 22-member International Natural Rubber Organisation (INRO), reports The Guardian.

The worlds top three producers – Thailand, Indonesia and Malaysia – are currently INRO members.

But Malaysia and Thailand are poised to leave the organisation, a move which would release 100,000 tonnes of rubber buffer stock onto a market already experiencing depressed prices.

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