RUBBER FOR CHINA
Supply From Indonesia (Re j. 9.45 p.m.) JAKARTA, J* me 6. The Indonesian Government today announced that it feels no longer bound to the United Nations embargo on shipments o r rubber to the Chinese Republic. A Foreign Ministry spokesman (Mr Suwito) said that Indonesia would take steps to “open possibilities for exports of her rubber to China and to any other country that will need it.”
He said that one of the reasons for the present instability of the rubber markets had been the artificial limitation of the market by excluding China.
The Minister estimated that China’s consumption of natural rubber was 60.000 tons. He said that if Indonesia could supply 50 per cent, of China’s needs this would help bridge the gap caused by the drop in United States purchases.
At present the United States buys 150.000 tons annually of natural rubber from Indonesia compared with 220.000 tons in the past.
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Press, Volume XCIII, Issue 27989, 8 June 1956, Page 11
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156RUBBER FOR CHINA Press, Volume XCIII, Issue 27989, 8 June 1956, Page 11
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