Rubber prices may be influenced by Thailand committee meeting

KUALA LUMPUR(Commodity Online) : Thailand’s national rubber committee meeting slated this week is expected to influence rubber prices.
If Thailand decides to take the price slump issue to the International Rubber Consortium (IRCo), chances exist for an uptrend in rubber prices. If the opposite happens, the prices may come down, reported http://biz.thestar.com.my.
Thailand, Indonesia and Malaysia are the prime producers of rubber and they form IRCo.
Any decision taken by IRCo has to be ratified by International Tripartite Rubber Corporation, a body of government officials from three countries.
Rubber prices have been dropping for a while in the aftermath of Japan crisis. Recently, Thailand had asked its exporters to halt exports and accumulate stocks.

(Source: http://www.commodityonline.com/news/Rubber-prices-may-be-influenced-by-Thailand-committee-meeting-37404-3-1.html)