One officials of Thailand, the world's greatest production and export country, expressed government will repeal the ban on rubber export because it was able to push up rubber prices.
It's reported that the application is not suitable for this situation because the price is influenced by external factors. The prohibition in Thailand won't help.
Thailand, Indonesia and Malaysia agree to reduce rubber export by 3,000,000 tons, which expired in March of this year. But Thailand would extend to the end of May to support rubber price trend.
In Thailand, rubber is politically sensitive primary product. About 1,300,000 local owners of vineyard live on rubber.
In the past four months, the number of China's imported rubber has raised 33%, reaching 1,270,000, Malaysia raising by 14% and India declining by 39% to 57,200 tons.
Written by Nicolas Yang
