Decline In Rubber Values
p. 20 · Read in the full issue
THE sharp fall in raw rubber values reported early in April was preceded by a downward movement which caused concern amongst growers.
An Amsterdam authority stated that the Dutch East Indies were largely respon sible for the movement. The first blow at the market, he said, was given some time ago when the Director of Economic Affairs of the Dutch East Indies declared that it was not the intention of the Dutch Govern ment to force up rubber prices.
The second came when the export duty on native rubber was lowered. The third and final blow, in the opinion of the authority referred to, is bound to come unless the International Rubber Regula tion Committee decides upon a drastic in crease of the restriction percentage to at least 30 per cent. Maintenance of the per centage at 25, it is contended, would lead to a sharp relapse in the rubber com modity market and might even lead to a complete breakdown of the regulation scheme.