Month: July 2023

<strong>Natural Rubber Prices in North Sumatra Rise to IDR 8,500 – IDR 9,500/Kg, Farmers Say Still Far From Ideal Price Level</strong>

Natural Rubber Prices in North Sumatra Rise to IDR 8,500 – IDR 9,500/Kg, Farmers Say Still Far From Ideal Price Level

June 12, 2023 The price of natural rubber at the farm level in North Sumatra (SUMUT) is now at IDR 8,500/kg from the previous IDR 7,000/kg. But despite the increase, this price is still far from the farmers' ideal price of IDR 15,000/kg. Since the beginning of 2023, the average price of rubber is still below the farmers' ideal price in the IDR 7,000 to IDR 8,000/kg range. Even farmers...
<strong>Indonesia Natural Rubber Production Drops, Rubber Industry Forced to Import</strong>

Indonesia Natural Rubber Production Drops, Rubber Industry Forced to Import

June 21, 2023 Natural Rubber Industry sector experiences a decline for domestic natural rubber production supply since 2017. As a result, total export for natural rubber products has decreased. Executive Director of the Rubber Association of Indonesia (GAPKINDO), Erwin Tunas, said the average yearly export decline was 10%. It is predicted that this will continue this year. Indeed, rubber exports have decreased, so on average, it has almost hit 10%...
The Government of Indonesia is Committed to Keep Stabilizing Rubber Prices and Initiating Regional Rubber Exchanges

The Government of Indonesia is Committed to Keep Stabilizing Rubber Prices and Initiating Regional Rubber Exchanges

May 17, 2023 Indonesia, Thailand, and Malaysia, which are members of the International Rubber Tripartite Council or ITRC, are committed to maintaining international natural rubber prices. Indonesia is also currently initiating the establishment of a regional rubber exchange. Strengthening the position of rubber-producing countries in ASEAN, the three countries will continue to persuade Vietnam to join the ITRC and the International Rubber Consortium or IRCo. On the other hand, IRCo...
A Bundle of regulation to Inhibit palm oil-rubber, Indonesia-Malaysia agreed to have Joint Mission Agenda to the European Union

A Bundle of regulation to Inhibit palm oil-rubber, Indonesia-Malaysia agreed to have Joint Mission Agenda to the European Union

May 26, 2023 Indonesia and Malaysia have agreed to visit the European Union (EU) in a joint mission to Brussels, Belgium, on 30-31 May 2023. This mission will bring up several issues related to EU regulation that could threaten the sustainability of Indonesian and Malaysian several commodities (palm oil to rubber). Starting from anti-deforestation regulations, which will also threaten exports of coffee, cocoa, cattle, timber, rubber, and soybeans, as well...