NR producers expect better prices on La Nina, new demand

Bangkok – The International Rubber Consortium (IRCo) has forecast that the ‘La Nina’ climate pattern will bring heavy rains, affecting natural rubber production in the Far East into next January.

A meeting of IRCo board of directors on 3 Nov also heard that the natural phenomenon will impact the wintering season in the final quarter of 2017 and reduce supply of NR to  global markets.

The board, which consists of representatives from ITRC memebers Thailand, Indonesia and Malaysia,  went on to conclude that current NR, prices were “not reflective of market fundamentals.”


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