ANRPC revises forecast for natural rubber supply
DSIJ Intelligence / 14 Jun 2017
The forecast for the global supply of natural rubber has been revised by the Association of Natural Rubber Producing Countries (ANRPC).
The world supply of natural rubber is expected to be at 12.756 million tonnes in 2017, slightly lower than 12.771 million tonnes anticipated a month ago. The total global supply during Q1CY17 was short by nearly 6 lakh tonnes and it is anticipated to widen to 7 lakh tonnes by the end of June.
Due to slump in natural rubber prices since the last week of May, the supply is likely to be revised down further. The farmers may reduce the frequency of harvesting and delay reopening of tapping on the expiry of the wintering-off season.
ANRPC pegged the Indian production of natural rubber to be at 7.50 lakh tonnes in 2017 and also projected faster growth in supply in Cambodia (35.3%) and India (20.2%) because of expected expansion of the area to be tapped during the year.
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