Jakarta, March 21 -- Indonesian rubber farmers have been hit by falling prices since Q4 of 2018, prompting the government to find ways to stabilize rubber prices, among other things, by forging cooperation with neighboring countries.
The price of rubber decreased 3.80 JPY/kg or 2.10 percent to 177.40 on March 20 from 181.20 in the previous trading session, and reached an all time high of 526.40 in February of 2011 and a record low of 132.10 in November of 2018, according to information on tradingeconomics.com.
The biggest producers of rubber are China, Indonesia, Malaysia and Thailand. Others include Papua New Guinea, Philippines, Singapore, Sri Lanka, Thailand, Vietnam, Cambodia and India.
President Joko Widodo (Jokowi) has been concern...