INRO suspends buffer stock sales until Nov. 13

KUALA LUMPUR (Nov. 1)—For "administrative and logistical reasons," the International Natural Rubber Organization suspended Southeast Asian sales of its NR buffer stock Oct. 31 until Nov. 13, and will suspend U.S. and European buffer stock sales from Nov. 6 until Nov. 13, according to Arch Roberts, INRO buffer stock manager. The NR price stabilization group has "met or exceeded" its early goals for selling off its stockpile, Roberts added, with an undisclosed amount of RSS 3 sold at 55.5 and 56 cents per kilogram at the end of October. INRO has until June 30, 2001, to liquidate the 138,000 metric tons of rubber it had in storage when it voted to disband in October 1999.