Vietnam to attend rubber cartel meeting, may join | Bangkok Post: business

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Vietnam to attend rubber cartel meeting, may join

Vietnam has agreed to participate in the December meeting of the International Tripartite Rubber Council (ITRC), suggesting the possibility the world's fourth-largest rubber producer will become a new member of the council.

Deputy Agriculture Minister Natthawut Saikua said Vietnam, which had steered clear in the past, agreed in principle to become an observer for the ITRC meeting held in Thailand.

Established 10 years ago, the ITRC represents the world's three largest rubber producers - Indonesia, Thailand and Malaysia - and its main goal is to stabilise rubber prices.

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  • khunbj

    ThailandPost : 1,123

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    Discussion 1 : 06 Oct 2012 at 12.041

    Maybe we are going to see a cartel RPEC even stronger than OPEC that only controls a relatively small percentage of the oil production, why not make a rice cartel too, with Thailand, Vietnam and India for a start, no need to give food commodities away.

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