Advising VRA members not to offer NR at prevailing low prices

Currently, VRA members and the growers are facing big difficulties due to price of natural rubber that falls below the production cost and their livehood is severely affected.

Therefore, we need to proceed our actions timely to prevent the worse situation.

In agreement with the rubber organizations including the Rubber Association of Indonesia (Gapkindo), the Thai Rubber Association (TRA) and the International Rubber Consortium Limitied (IRCo), Vietnam Rubber Association proposes members and domestic entrepreneurs/individuals not to offer NR prices below US$ 1,500 per ton.

For the sustainable development of the rubber industry, VRA is looking forward to your cooperation in exchanging information and feedback timely to devise effective measurements to reach the sooner the better the NR supply-demand balance in the world and profitable prices for stakeholders.

By The Viet Nam Rubber Association

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