According to reports, in order to stimulate the rebound in rubber prices, Malaysia, Indonesia, and Thailand have recently signed agreements to reduce the export of rubber. In addition, about 16,000 hectares of rubber trees will be felled, and a total of 450,000 tons of market supply is expected to be reduced.
Malaysia reported that the Deputy Minister of Agriculture and Agriculture of Malaysia, Cai Zhiyong, said that rubber prices in the country have slipped since the beginning of this year, which is half of the price of rubber in the same period in 2010, and there is still no sign of recovery. Many farmers have Miserable. Cai Zhiyong expressed his welcome to the agreement reached by Ma Yintai and the three countries to pull up the falling rubber price. He hopes that these measures will assist rubber planters and stimulate rubber prices to rise.
Southeast Asia is the world's largest producer of natural rubber, and Ma Intai 3 countries are the world's major rubber producers, with rubber production accounting for 70% of the global market. In order to intervene in the decline in the price of rubber in the international market, the three countries of Ma Yintai jointly joined the rescue measures such as cutting down rubber trees and reducing export volume in 2009. In addition to the three countries mentioned above, natural rubber planting and processing industries in Burma, Laos, and Cambodia are emerging and have great potential for development.
The International Rubber Research Organization had predicted that the global rubber consumption in 2012 was 26.6 million tons, which was lower than the estimated 26.8 million tons, but higher than the consumption of 25.9 million tons in 2011. In addition, the organization also expects that in 2013 China's rubber demand will continue this year's growth, an increase of 4.6%.
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