WORLD: ANRPC releases natural rubber trends and statistics
The Association of Natural Rubber Producing Countries (ANRPC) has released the Natural Rubber Trends & Statistics, December 2018. In 2018, world production of natural rubber (NR) accounted 13.960 million tons, an increase of 4.6 % from 13.350 million tons on a year-to-year basis, said ANRPC Secretary General Dr. Nguyen Ngoc Bich.
Meanwhile, the world demand recorded an increase of 5.2 %, year-to-year, amounting to 14.017 million tons in 2018. This resulted a deficit in supply of 57,000 tons of NR during the reference period. This scenario is attributed to the recent revision from Thailand.
Some recovery on NR prices spotted across physical and futures markets during December 2018. Although millions of rubber smallholders still have been affected with the low rubber prices, but this rebound was timely to close the year of 2018 with a higher low of USD 1.50 per kg (average price of block and sheet rubber for the month of December 2018).
The International Monetary Fund (IMF) retained its earlier estimate for the global growth at 3.7 % despite weaker performances in some economies. The analysis and data provided by ANRPC could help to closely understand the prevailing situation in the market and the emerging scenario..
Source: ANRPC website, Kuala Lumpur, Malaysia; 25 Feb 2019
(Syed Rashid Ali, Karachi, Pakistan)