ANRPC:Global NR production up 5% during Jan-Oct, 2017

World production of natural rubber (NR), including non-ANRPC (Association of Natural Rubber Producing Countries) member countries, has registered at 10.429 million tonnes during the first ten months of 2017 compared to 9.932 million tonnes reported during the same period in 2016, up by five percent. This is based on actual figures up to July 2017 and preliminary estimates for August 2017 to October 2017, stated the Natural Rubber Trends and Statistics report of ANRPC in October 2017.

World demand of NR recorded at 10.730 million tonnes, up 1.1% on a year-on-year basis. Both NR rubber prices in physical markets and futures markets have been volatile despite to an upward trend in the price of crude oil during the month of October 2017, the report said.

“Cambodia remains with the fastest production growth showing nation among ANRPC member countries. Though its growth has slowed down from 31.5% recorded on September 2017 to 29.8%. Sri Lanka has registered marginal increment, amounting to 2,000 tonnes of NR on a year-on-year basis. Some tappers in China and Sri Lanka were restrained from tapping activities due to more rains observed in the respective countries over the last two months,” ANRPC report further said.

The revised world outlook of supply is expected to increase by 605,000 tonnes, amounting to 12.869 million tonnes of NR during 2017. This revision also inclusive of the downward revision made to India’s production for the year 2017 by 15,000 tonnes.

Based on actual figures up to July 2017, preliminary estimates for August to October 2017 and anticipated figures for November 2017 onwards, the world output of NR is expected at 12.869 million tonnes, ANRPC said.