A group of three of the world's top natural rubber producers will cut exports by up to 350,000 tonnes in total from now until March next year, the Thai agriculture ministry said on Friday, in a bid to address declining global prices. The agreed export tonnage measure was announced following a meeting on Friday of the International Tripartite Rubber Council (ITRC), which consists of Thailand, Indonesia, and Malaysia. The three produce nearly 70 percent of the world's natural rubber. "The fifth Agreed Export Tonnage Scheme is one of the key measures the government will use to address the volatility of rubber prices," Deputy Minister of Agriculture Luck Vajananawat told reporters on Friday.
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