ERJ staff report (DS)
Kuala Lumpur - The Association of Natural Rubber Producing Countries (ANRPC) has revised upwards its estimates of global natural rubber production in 2011. In the February edition of its Natural Rubber Production Trends and Statistics, the organisation says, â€œTotal production of NR from ANRPC member nations during 2011 has been revised-up to 10.262 million tons on finalisation of Thailand's official figures for the year.â€ The revised figure reveals an 8.2 percent rise in production during 2011 as against the 6.7 percent rise to 10.127 million tons estimated a month before.
ANRPC said, â€œUsing the revised figures for 2011 as the base, and taking into account the anticipated expansion in yielding area and improvement in average yield across countries, the production in 2012 is now anticipated to rise 2.6 percent to 10.529 million tons.â€
In his introduction to the bulletin, Dato' Dr.Kamarul Baharain Basir, Secretary-General of the ANRPC said â€œEconomic trends have finally taken a gradual turn in favour of natural rubber. While inflation has eased in China and India, the two countries have shifted their monetary policies in favour of reviving economic growth. NR market has also been benefited from seasonal shortage of supply and a marginal fall in the commodity's stock in China. Moreover, the market is being supported by rise in crude oil prices, depreciation of Japanese yen, and appreciation of NR-exporting countries' currencies. Positive sentiments from an improved demand outlook are expected to be reflected in the market which is already under the dominant influence of tightness in supply.
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Press release from ANRPC