ANRPC notes natural rubber supply deficit in July

Kuala Lumpur – July 2017 witnessed a natural rubber supply deficit of 648,000 tonnes, according to the latest figures published by the Association of Natural Rubber Producing Countries (ANRPC).

In a 9 Aug statement ANRPC secretary general Nguyen Ngoc Bich said for the first seven months of 2017, the global NR production amounted to 6.838 million tonnes, including non-ANRPC member countries; while the global world consumption recorded at 7.486 million tonnes.

The favourable supply-demand fundamental from the deficit, however, was unlikely to overrule the physical prices over…

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