In a story published by the Malaysian National News Agency, industry analysts from OSK Research predict higher demand for rubber gloves in the year ahead. Despite the global economic slowdown, the researchers suggest that diseaese, terrorism, and improved hygiene in developing nations will help to fuel demand.
To read the article in its entirety, visit:
http://www.bernama.com/bernama/v5/newsbusiness.php?id=380872
Tradex President and CEO Saji Daniel was recently featured by Logistics Management discussing the US economy and trade with China. In the interview, he discusses the forces which lead to record glove prices last summer, why the market has turned so quickly, and his expectations for 2009.
Reuters reported today that the International Rubber Consortium (IRCo) plans to reduce rubber exports by over 15% in January in an effort to curb falling prices. Prices have fallen sharply since hitting record highs last summer as supplies build as a result of the global economic slowdown.
The IRCo represents rubber producers from the world’s largest rubber producing nations, Thailand, Malaysia, and Indonesia.