Indonesia’s main rubber group has asked its members to impose strict limits on sales until the second quarter of 2015, an official said on Thursday, the second attempt in less than a month to support prices by the world’s second-biggest producer.
Late last month, the Indonesian Rubber Association (GAPKINDO) sent a letter to members and fellow rubber-producing countries asking them to put a floor under prices at $1.50 per kg after global prices plunged more than 30 percent this year.