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Saturday, March 24 2:45 PM SGT Malaysia Wants Thailand, Indonesia Tie-Up To Boost Rubber KUALA LUMPUR (AP)--Malaysia has proposed to form a consortium with Indonesia and Thailand to check the oversupply of natural rubber and push for higher prices, the national news agency Bernama reported Saturday. The three countries produce about 80% of the world`s natural rubber, which has been hit by depressed prices. The International Natural Rubber Organization (INRO), which used to buy and sell rubber to control prices, was disbanded last year and is saddled with a huge stockpile of unsold rubber. On Saturday, Bernama cited Primary Industries Minister Lim Keng Yaik as saying he would submit the Malaysian proposal at a meeting with his counterparts from Indonesia and Thailand in Bangkok Friday. "By having the consortium, we will have more bargaining power than the major rubber buyers," Bernama quoted him as saying. "With this, we can raise the price of rubber to the appropriate level." Lim said the three major rubber producers had been selling the commodity individually, allowing buyers to determine prices. "Now we should merge. We sell on a collective basis and this will give us the edge in fixing rubber prices," he said. |
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| aus der Diskussion: | Waste or make money in Thailand |
| Autor (Datum des Eintrages): | BodyG (24.03.01 15:26:09) |
| Beitrag: | 603 von 611 (ID:3167107) |
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