ERJ staff report (DS)
Kuala LUmpur -- Production of natural rubber has reduced in recent weeks, according to the March edition of NR Trends and Statistics, published by the Association of Natural Rubber Producing Countries (ANRPC). The publication is available to subscribers only.
ANRPC said, "supply has tightened further, largely on seasonal wintering of trees, the demand prospects are clouded by concerns over potential economic implications of geopolitical events and prolonged abnormality in Japan."
It added, "ANRPC's [estimate of] total production of NR is now expected to reach 10.06 million tons during this year, up 6.2 percent from 9.47 million tons in the year before."
The publication said, "Seasonal shortage in supply is severely felt in March and April every year. These two months respectively account for merely 4.8 percent and 5.8 percent of the annual output as compared with the monthly relative shares of 10 to 11 percent for October, November and December." ANRPC said supply tightmess is expected to coninue into April.
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Press release from ANRPC
