Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

INTERVIEW-China demand for Indonesia rubber seen up 33 pct-assoc

Published 04/28/2011, 08:04 AM
Updated 04/28/2011, 08:08 AM

By Yayat Supriatna

JAKARTA, April 28 (Reuters) - Indonesia will export a third more rubber this year to China, which will become the top buyer from the world's second-largest producer, as demand from Chinese tyre makers rises, taking the place of the drop in Japan after the earthquake, the Indonesian Rubber Association said on Thursday.

China will replace the United States in 2011 as Indonesia's biggest rubber export market, with up to 800,000 tonnes heading to the world's second-largest economy, Asril Sutan Amir, chairman at the association, known as Gapkindo, told Reuters.

" Indonesia's rubber export to China may reach (from) 600,000 tonnes (in 2010) to 800,000 tonnes in 2011 because of export shifting from Japan after the earthquake and tsunami," said Amir, who was speaking ahead of Chinese Premier Wen Jiabao's visit to Indonesia this week.

"Our (rubber) export to China is increasing significantly in 2011," he added. "It is obvious that China is now the biggest market for Indonesian rubber." (Reporting by Yayat Supriatna; Writing by Michael Taylor; Editing by Ramthan Hussain)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.