ANRPC reports “favourable” outlook for natural rubber markets

Kuala Lumpur – The global natural rubber industry is currently being driven by “favourable supply-demand fundamentals,” according to a 7 Dec report by the Association of Natural Rubber Producing Countries (ANRPC).

Supply of natural rubber from ANRPC states is expected to grow marginally at 0.1% to 11.08 million tonnes during 2016, while consumption by the member states is anticipated to show a healthy 4.1% growth at 8 million tonnes this year.

Consumption by ANRPC  member states accounts for 65% of the global demand, the association added.

Price-wise, the…

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