BILATERAL DISCUSSION BETWEEN MINISTER OF AGRICULTURE AND COOPERATIVES OF THAILAND AND MINISTER OF PLANTATION INDUSTRIES AND COMMODITIES OF MALAYSIA
6 October 2014
H.E. Datuk Amar Douglas Uggah Embas, Minister of Plantation Industries and Commodities of Malaysia paid a courtesy call to H.E. Petipong Pungbun Na Ayudhya, Minister of Agriculture and Cooperatives of Thailand this morning in Bangkok, Thailand.
The two Ministers had a bilateral discussion focusing on current scenario of natural rubber (NR) market and its fundamentals. The discussion emphasized on concerted actions and measures to be taken by both Countries in improving NR price to a fair level to ensure the wellbeing of NR smallholders as the prevailing price is currently below its cost of production.
Special focus was given to strengthen cooperation among NR producing countries under the ambit of the International Tripartite Rubber Council (ITRC) and the International Rubber Consortium Limited (IRCo).