With natural rubber main producers to reduce capacity, Indonesia SIR 20 rubber export prices continue to rise, in the international market it has increased to $1.6 per kg.
The Sumatera Utara province branch executive secretary of Indonesian rubber industry association Eddie said, rubber prices continue to rise in line with expectations.
Rubber price is going up, he thought, there are two reasons, one is to enter the rainy season, natural rubber production descend; Second, the international trade exchange rate changes.
As the price increase of rubber, rubber processing raw materials also followed up.
Eddie said, the local entrepreneurs and farmers hope that rubber prices to keep up momentum.
According to analysis, till the end of 2016 to the beginning of 2017, the factories keep increasing demand for rubber, so rubber prices will continue upward, or high.