FAR EAST: Rubber price expected to be influenced by Thai decision

Malaysian rubber prices are expected to be influenced by the outcome of Thailand's national rubber committee meeting this week.

Dealers said the meeting would discuss whether to ask other major producers, Malaysia and Indonesia, to join the move to prevent a further drop in prices.

"If they decide to bring the matter to the International Rubber Consortium (IRCo), we may see an uptrend in prices,” a dealer said, adding that the trend might go the other way if they decided not to.

IRCo brings together rubber industry officials, exporters and government officials from the three countries - Thailand, Indonesia and Malaysia.

Any decision by IRCo would have to be ratified by the International Tripartite Rubber Corporation which groups senior government officials from IRCo countries.(Syed Rashid Ali, Karachi, Pakistan)