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Demand was finally ahead of supply
- By 1924, demand was finally ahead of supply and prices began to rise rapidly.
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Oct 6, 2020 · From a peak in 1910, prices followed a downward trend until the bottom dropped out of the market in 1921. Rubber producers were convinced by the British colonial authorities to restrict production. By 1924, demand was finally ahead of supply and prices began to rise rapidly.
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The shortage of rubber did not affect prices until 1924 when the consumption passed the production of rubber and prices started to rise rapidly. This scheme had a short success because competition from the Dutch plantations in southeast Asia and others drove prices down by 1926.
Jan 1, 1992 · The Scheme was only moderately successful; prices increased over 1924-26, but this had the 15 unwelcome notably led into and effect of stimulating plus fall smallholder the onset of production the world in other Depression 1 countries, in 1929, level France existing Indonesia.
- K.P. Jones, P.W. Allen
- 1992
Dec 7, 2023 · Concentrated natural latex, more versatile than crepe or smoked sheet rubber for producing specialized items such as foam mattresses, surgical gloves, and other goods, commanded the highest commodity prices.
The Stevenson Plan, also known as the Stevenson Restriction Scheme, was an effort by the British government to stabilize low rubber prices resulting from a glut of rubber following World War I.
From a peak in 1910, prices followed a downward trend un l the bo om dropped out of the market in 1921. Rubber producers were convinced by the Bri sh colonial authori es to restrict produc on. By 1924, demand was finally ahead of supply and prices began to rise rapidly.
The objective stipulated was “stabilisation of rubber prices” (Jünger 1942, 141) by “supporting the price” of rubber – in other words: making rubber more expensive by reducing supply even more.