In a translated statement, published July 10, Rubber Authority of Thailand governor Titus Suksaard said ITRC would meet soon to decide the level of NR exports to cut.

The announcement followed ITRC's 28th international meeting last week, where member states agreed to meet again in an effort to "solve the problem of rubber price volatility in (the) short term."

The three countries produce roughly 60 percent of global rubber output of more 12.7 million metric tons.