Malaysia, Thailand and Indonesia working together to stabilise NR prices
Bernama (3/7/08): The government is cooperating with key natural rubber (NR) producing countries, Thailand and Indonesia, to stabilise the supply and demand of NR in the world market.
Deputy Minister of Plantation Industries and Commodities, Senator A. Kohilan, said the cooperation among the three major producers suppling over 80 percent of the world's NR, has resulted in positive sentiment on the price.
"Under the Supply Management Scheme, the three have agreed to control their exports in the long run to bring about a better balance between supply and demand to stabilise the price," he said at a question-and-answer session at the Dewan Rakyat here Thursday.
Kohilan said this in reply to a question from Datuk Wan Abd Rahim Wan Abdullah (PAS-Kota Bharu) on the steps taken by the government to ensure high NR price in the world market.
He said in the event of an abrupt fall in the price, the three countries had agreed to reduce exports in the short term through the Agreed Export Tonnage Scheme.
Kohilan said the ministry has also implemented various programmes to increase the earnings of the smallholders.
Deputy Minister of Plantation Industries and Commodities, Senator A. Kohilan, said the cooperation among the three major producers suppling over 80 percent of the world's NR, has resulted in positive sentiment on the price.
"Under the Supply Management Scheme, the three have agreed to control their exports in the long run to bring about a better balance between supply and demand to stabilise the price," he said at a question-and-answer session at the Dewan Rakyat here Thursday.
Kohilan said this in reply to a question from Datuk Wan Abd Rahim Wan Abdullah (PAS-Kota Bharu) on the steps taken by the government to ensure high NR price in the world market.
He said in the event of an abrupt fall in the price, the three countries had agreed to reduce exports in the short term through the Agreed Export Tonnage Scheme.
Kohilan said the ministry has also implemented various programmes to increase the earnings of the smallholders.
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