INRO clinches first buffer stock sale

KUALA LUMPUR, Malaysia (Oct. 17)—The International Natural Rubber Organization has made its first sale of rubber from its 138,000-metric-ton buffer stock, according to Clifford Raisch, INRO´s assistant U.S. buffer stock manager. The sale came the day after the 20-year-old NR price stabilization group put out a call for bids, and four days after it changed its terms of sale to facilitate the unloading of the buffer stock by a self-imposed deadline of June 30, 2001. INRO sold TSR 10 and RSS 3 warehoused in Kuala Lumpur for March delivery, according to Raisch, who had no information on the amounts sold or the buyers.