21.02 GMT : 11 February 2016
    04.02 (BKK,Thailand) : 12 February 2016
Daily Composite Price
Daily Composite Price (DCP)
112.62 US Cents/kg
14-Day Moving Average
115.18 US Cents/kg
10 February 2016
 
Weather Forecast
Thailand
Min
Max
WF
South (West)
25 C
34 C
South (East)
24 C
33 C
Northeast
17 C
30 C
North
17 C
32 C
East
24 C
33 C
Central
22 C
32 C
Indonesia
Min
Max
WF
Jakarta
24 C
33 C
Malaysia
Min
Max
WF
Kuala Lumpur
23 C
33 C
   
 
Graph ss DCP, Jan 05-Jan 16
Graph ss RSS3, Jan 05-Jan 16
Graph ss Monthly DCP, 14-Day
Graph ss RSS3, TSR20 Prices
Graph ss DCP, 14-Day 2015
 
 
 
 


 

MEDIA STATEMENT

 

BY THE INTERNATIONAL TRIPARTITE

RUBBER COUNCIL MINISTERS

ON THE IMPLEMENTATION

OF THE AGREED EXPORT TONNAGE SCHEME

 

 We, the Minister of Agriculture and Cooperatives of the Kingdom of Thailand, Minister of Trade of the republic of Indonesia and Minister of Plantation Industries and Commodities of Malaysia, under the International Tripartite Rubber Council (ITRC), express concern on the recent trend in declining Natural Rubber (NR) prices which has a direct effect on the income of rubber smallholders in our three countries.

 

The Governments of Thailand, Indonesia and Malaysia hereby agree to implement the Agreed Export Tonnage Scheme (AETS) beginning 1 March 2016. Under the AETS, the three countries will withdraw exports of 615,000 tonnes of NR for the period of 6 months from 1 March - 31 August 2016.

 

In addition to address the oversupply of NR, we also agree to increase domestic consumption of NR. These include the use of NR for road construction, rail pads for railway construction and other suitable areas.

 

We are optimistic with joint implementation of these measures, the rubber price will recover and continue to be fair and remunerative to all smallholders and other stakeholders in the NR industry. This implementation will be closely monitored by the ITRC Monitoring Committee.

 

Released by:

ITRC Secretariat, Bangkok, Thailand, 4 February 2016


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