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Indonesia gains from falling rubber exports from Thailand.

Indonesia's boosted exports of natural rubber to China taking advantage of falling supply from two largest rivals Thailand and Malaysia. Indonesia exported 56,190 tons of natural rubber to China in the first two months of this year or an increase of 63.7% from 34,325 tons in the same period last year, the Association of Rubber Companies (Gaikindo) said. Gaikindo director Suharto Honggokusumo said seasonal fall in productivity is not yet over in Thailand and Malaysia offering an opportunity for Indonesia to grab a larger share of the market in the world's largest consumer. Thailand, Indonesia and Malaysia are respectively the largest, second largest and third largest producers of natural rubber accounting for the bulk of the world's supply. Seasonal fall in productivity has not come to Indonesia which lies south of the equatorial line, Suharto said. Indonesia's largest buyer for natural rubber has been the United States.
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Title Annotation:ECONOMIC NEWS IN BRIEF
Publication:Indonesian Commercial Newsletter
Date:Apr 1, 2008
Words:150
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