JAKARTA, Indonesia (July 11)—Indonesia plans to cut its rubber production by 70,000 metric tons next year in the hope of bringing the price of natural rubber up to the level of synthetic rubber, according to a report from the "Jakarta Post." "We need to cut our national rubber supply," the report quotes Luhut B. Pandjaitan, Indonesian minister for trade and industry, as saying. Pandjaitan said he would meet with Malaysian and Thai officials in Kuala Lumpur, Malaysia, Sept. 8 to endorse the agreement to form a Tripartite Rubber Corp. Under the TRC agreement, all three countries must reduce rubber production by 4 percent annually, the story said. Indonesia, the world's second-largest NR grower, produces about 1.6 million metric tons annually.