ANRPC: Natural Rubber Trends September 2021 released
On 22 October 2021, the Association of Natural Rubber Producing Countries (ANRPC) announced the release of its Natural Rubber Trends, September 2021.
According to the association, the outlook for world natural rubber (NR) was revised downward as member governments updated its figures for 2021. A lower growth is anticipated in world production at 1.4 % amounting to 13.787 million tonnes; while the world demand is expected to grow by 8.9 % to 14.116 million tonnes during 2021. Some downward adjustments were made by member governments in their latest estimates.
Despite the positive fundamentals in the NR market, NR prices in the physical and futures markets were down in September 2021 compared to the previous month. The average of FOB price in block rubber market have posted a contraction of 5 % in Bangkok and Kuala Lumpur market. While price deviation between RSS-3 in Bangkok and RSS-4 in Kottayam has reduced from USD 0.60 per kg to USD 0.52 per kg towards the end of the month. Both markets also posted a lower average price during this same reference period.
While the Covid-19 pandemic has been around for almost two years, countries have tried to stimulate the post-pandemic economy with various programmes to help the people and businesses. Despite countries have escalated its vaccination rates in respective countries to achieve herd immunity, the possible threat of outbreak from the Covid-19 Delta variant remains. Hence, regional efforts in exploring the exit-plans from this pandemic for rebuilding the economy and life to normalcy may be considered, said the ANRPC.
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