Global rubber price rose by decreasing China inventory
Global rubber price has been keeping 1.2 dollars -1.3 dollars per kilogram in the past long term. However, global rubber price rose to 1.5 dollars per kilogram, due to decreasing rubber inventory in China.
(Rubber inventory in Qingdao during 2015-2016)
Aziz Pane, chairman of Indonesia Dekarindo,said to maintain rising trend of rubber price, rubber production nations should keep narrowing inventory.
At the moment, Indonesia, Malaysia, Thailand etc.,members of Association of Natrual Rubber Producing Countries--ANRPC are holding a meeting in India, and Indonesia has raised the above suggestion on the meeting.
Although rubber price rose, rubber planters didn't share the benefit.
Rubber purchasing price in Indonesia is still 5000-6000 Rupiah per kilogram, , but farmers expert to raise to at least 7000-8000 Rupiah per kilogram.
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