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Since this month, the world's three major rubber producing countries have jointly restricted the export of sky rubber by 615,000 tons

 Last Update: 2022-11-29
 Source: Internet
 Author: User

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Indonesia, Malaysia and Thailand, the world's three largest rubber producers, have restricted exports of natural rubber since March 1 in an attempt to boost prices
.

rubber

The total rubber production of these three countries accounts for about
70% of global production.
The International Tripartite Rubber Council said it plans to reduce natural rubber exports from the three countries by a total of 615,000 tonnes
from March 1 to August 31.

Natural rubber is not only a world strategic material, but also a bulk industrial raw material related to the national economy and people's livelihood, and a green resource
.
With the development of the economy and the increasing awareness of the use of green resources, the dependence on natural rubber is increasing, and the demand is becoming stronger
and stronger.
China is the world's largest demand for natural rubber, with a annual consumption of more than 4 million tons, while the domestic output is only 700,000-800,000 tons, and the foreign dependence exceeds 80%.

Therefore, industry analysts believe that this move will stimulate the price of natural rubber to gradually rise
.

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