Rubber Producers Can Team up to Stabilize Price, Minister Says

By Supunnabul Suwannakij

June 18 (Bloomberg) - Key producers of natural rubber in Southeast Asia should establish a regional rubber market to minimize the impacts of “excessive speculation” on prices, a Malaysian government official said.

“With excessive speculation, it’s timely for major producing countries including Thailand, Indonesia and Malysia to consider setting up an Asean regional rubber market to stabilize rubber prices guided by supply and demand,” said Hamzah Zainudin, deputy minister of Plantation Industries and Commodities, in a speech at a conference in Kuala Lumpur today.

(bloomberg.com)