PETALING JAYA: Top world rubber producers at the current International Tripartite Rubber Council (ITRC) meeting in Bandung, Indonesia, will need to reach full agreement on the “alert, trigger and defence” pricing mechanism to ensure natural rubber stays stable and curb the current downtrend in prices.
An industry source close to the council said the outcome of the meeting in Bandung was crucial as “it will have a significant influence on the future direction of the world rubber prices which have fallen by about 30% so far this year.”
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