ANRPC further downgrades NR supply forecasts

ERJ staff report (DS)

Kuala Lumpur - The Association of Natural Rubber Producing countries - ANRPC has further downgraded its expectations for supply of NR in 2012. Oin the March editino of Natural Rubber Trends and Forecasts, the group says, “the supply anticipated for 2012 stands revised down to 10.420 million tons from 10.529 million tons expected a month ago.”

The revised figure represents only a 1.1 percent rise from the previous year as against 2.6 percent rise expected earlier. The supply grew 8.6 percent to 10.305 million tons during 2011 as per revised figures available from the governments on 15 March.

ANRPC's publication covers data up to and including the month of January 2012. The group said, “The total production of NR from members of the ANRPC fell 12.8 percent from a year earlier during January 2012. Despite a sharp rise in NR prices since middle of the month, the production fell during January to 291,000 tons in Thailand (from 385,000 tons in January 2011), 239,000 tons in Indonesia (from 247,000 tons), and 85,000 tons in Malaysia (from 108,700 tons) largely due to lacklustre demand from China. However, India and Vietnam managed marginal increases during the month.”

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Press release from ANRPC