ANRPC notes rubber shortfall but “bearish” demand

Kuala Lumpur – Global demand for natural rubber (NR) rose 5.2% year-on-year to 11.7 million tonnes for the first 10 months of 2018, new figures from the Association of Natural Rubber Producing Countries (ANRPC) show.

NR production increased 5.5% to 11.5 million tonnes during the period, leading to a shortfall of 228,000 tonnes, ANRPC secretary-general Nguyen Ngoc Bich reported in a review issued 24 Dec.

In early October, the International Monetary Fund lowered its projection for global growth for 2019 by 0.2% to 3.7%, the ANRPC leader…

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