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Pool by Three Asian Nations Fails to Stem Rise of Rubber Price.
Byline: Walailak Keeratipipatpong
Sep. 6--Experts have cast doubt on the success of the rubber pool, saying the rising price of the commodity results from factors not related to recent integration of the three major rubber-producing countries.
Choosith Ophaswongse, the honorary president of the Thai Rubber Association, said the 20 percent decline in world rubber production last year was triggered by the weather pattern known as El Nino.
Forward sales of rubber in the last quarter of 2001 contributed to a price jump from US$460 a ton to $850 this year.
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