Jakarta. Indonesia is seeking to partner with fellow rubber producer Thailand as the country grapples with plummeting prices and the European Union’s rollout of an anti-deforestation law.
Rubber trade was high on the agenda during Trade Minister Zulkifli Hasan’s recent meeting with Thai House Speaker Wan Muhamad Noor Matha.
According to Zulkifli, Thailand and Indonesia are the world’s top two rubber-producing nations. However, problems come one after another: starting from the falling prices of rubber to the commodity being subject to the EU Deforestation-Free Regulation (EUDR).
“Thailand and Indonesia are the world’s leading rubber producers who are facing similar situations due to the global natural rubber prices that continue to fluctuate over the past decade,” Zulkifli was quoted as saying in a recent press statement.
Zulkifli said…
