------------------------------------------------------------------

Nov 1, 2008

Indonesia: rubber exports by the end of normal

Rubber export performance this year, not a recession in the U.S. economy, the end of the year because of the export contract has been signed. Indonesia President of the General Federation of rubber entrepreneurs Bastagli said that the number from the point of view, rubber exports to the U.S. economic impact is not clear. "Contracts have been signed, waiting for the delivery." Bastagli said. Today, Indonesia's natural rubber is still the major markets of the United States, accounting for 26.8 percent of its shares, Japan, China and Singapore followed, were 16.5 percent, 14.2 percent and 6.7 percent. Large car makers will be rubber as raw materials, these companies have in other countries, the Indonesian natural rubber exports were still growing.

Chairman of the view that now is the need to pay attention to commodity prices remained low, the export volume has decreased. Chairman of the Riau branch of high-Marie also said the United States over the financial crisis has not affected the performance of Indonesia's natural rubber exports, as demand remains normal next year. "One next year, in February the United States will continue to import rubber Indonesia." He said. He said that speculators now Japan's acts of international rubber prices, the Chinese demand also fell.

No comments: