Natural rubber production, consumption up in 2018

Kuala Lumpur – World production of natural rubber (NR) registered a 4.6% year-on-year increase at 13.960 million tonnes in 2018, according to the Association of Natural Rubber Producing Countries (ANRPC).

Global demand for NR rose 5.2% to 14.017 million tonnes for the year, leading to a shortfall of 57,000 tonnes, ANRPC secretary-general Nguyen Ngoc Bich reported in a review issued 25 Feb.

The ANRPC noted “some recovery” in NR prices across physical and futures markets during December 2018.

“This rebound was timely to close the year of 2018…

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