Gapkindo: Rubber Exports Down 200,000 tons in First Half
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24 July 2019 17:27 WIB
TEMPO.CO, Jakarta - The Indonesian Rubber Companies Association, Gapkindo, said that the export volume of rubber declined in the first half of this year. As of June, the decline amounted to 200,000 tons.
"Our exports from January to June 2019 fell by 200,000 tons," Gapkindo chairman Moenardji Soedargo said in Jakarta, Wednesday, July 24.
According to Moenardji, the decline was due to a decrease in the domestic supply of rubber raw materials.
He added that the decline in raw material supply also happened last year. However, he did not sense anything out of the ordinary and at that time the decline was more due to seasonal factors.
This year, he said, the decline was much bigger than before.
The supply shortage, according to Moenardji, is a serious problem. Therefore, he asked the government to interfere and review the situation. "We just had a discussion with the government."
Moenardji also highlighted the fact that prices of rubber had not increased despite decreasing supplies. "It is weird. What is wrong with the market?"
He said that this anomaly is not just happening in Indonesia but also in international markets. Thailand, he said, experienced export declines from January to May, but prices remained under pressure.
Caesar Akbar
