Malaysia, Thailand, Indonesia to discuss to keep rubber price
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BEIJING, Feb. 26 (Xinhuanet) -- World's biggest rubber producers Malaysia, Thailand and Indonesia will meet Thursday to discuss measures to keep rubber price, according to latest local media reports.
International Rubber Consortium said the rubber producers will meet in Indonesia to discuss about how to solve the problem of falling prices of rubber.
Vietnam, Cambodia, Laos and Myanmar will join in rubber production and sales.
The market won't be oversupplied, because rubber growers began to cut the output and sales to support prices, according to the Consortium.
Statistics shows global natural rubber production will reach 12.39 million tons, and the demand will be 12.32 million tons.
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