Export curbs fail to lift NR prices
London – Moves to curb natural rubber exports by the main producing countries seem to have had little positive impact on prices for the commodity – so far, at least.
Indeed, prices showed signs of weakening and even retreat during January, according to ERJ’s latest analysis of NR trading markets in the Far East.
This was despite the well-publicised plan by Indonesia, Malaysia and Thailand to jointly cut their NR exports by 350,000 tonnes over the first three month of 2018.
On the Shanghai Futures Exchange, prices for…