ERJ staff report (DS)
Kuala Lumpur, Malaysia -- The Association of Natural Rubber Producing Countries (ANRPC) said the supply of natural rubber (NR) is increasing as prices rise around the world.
ANRPC said in its March report, "Preliminary estimates of import and consumption in January and February for China, India and Malaysia are clear evidences of a buoyant demand. Import in China surged 63% for NR and 118% for compound rubber in the first two months of this year compared to the same period in the previous year. More than 95% content of the compound rubber is natural rubber."
More than 45% of the global consumption of NR is in China, India and Malaysia which are the three major consuming countries in the ANRPC, said the organisation.
Preliminary estimates and anticipates available from Member governments indicate that the global supply is unlikely to rise beyond 6% this year. Even this rate of growth seems to be an optimistic one as the forecasts were obtained in the first week of March, assuming a favourable weather and prices staying high.
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