Indonesia Finance Today quoted Indonesian Trade Minister Rachmat Gobel statements that the government has agreed to six ministries rubber usage by increasing infrastructure projects will in 2015 domestic consumption of natural rubber increased by 10 million tons.
Last year, Indonesia’s natural rubber production of 3.1 million tons, of which about 18% for domestic consumption. The Indonesian government hopes this year’s domestic natural rubber consumption will reach about 70 million tons.
According to the analysis of this initiative with the previous rubber and coffee, Indonesia will impose export tariffs probably related. Indonesia’s rubber export tax levy, will increase the cost of rubber exports, support rubber prices. The Indonesian government hopes on the amount of rubber on rubber consumption and boost domestic rubber prices overall economy.
Indonesia is the largest country in the world natural rubber planting area, one of the world’s second largest rubber producer and exporter of three.