The global production of natural rubber (NR) posted a 13.6% growth, year-on-year, amounting to 941,000 tons as compared to the same period a year ago. While the global demand of NR is estimated to a 0.3% growth, year-on-year, to 1.210 million tons. Despite the market, fundamentally remaining favourable to the NR market, but the industry was heavily impacted by other external global events during the reference period.
The World Bank has revised downwards its projection for the global economic growth for 2022 from 4.1% to 3.2%, resulting from the unfolding developments surrounding the Ukraine conflicts and lockdowns in China as it poses uncertainty and may slowdown the global economic recovery prospects.
For a better assessment and decision-making, ANRPC has started an online survey to gather feedback from rubber stakeholders in the value chain of the NR industry on the proposed Sustainable Price Mechanism (SPM). The said proposed mechanism is to address prevailing low prices and safeguard the interests of stakeholders in the NR industry. It’s ultimately to provide sustainable development in the entire value chain of the NR industry in the long run. The duration of the online survey has been extended till further notice.
I urge for your participation in the online survey for providing feedback on this proposed mechanism. Please visit our website, <click here> to read the Brief about the proposed Sustainable Price Mechanism (SPM) prior to providing your feedback in the online survey. The said Brief is available in Bangla, Khmer, Thai and Viet Nam; while the online survey is available in multilingual options namely English, Khmer, Indonesia, Thai and Viet Nam. I appreciate your time and patience in providing your valuable feedback on this matter.
The incessant support and cooperation extended by the esteemed users, statistical correspondents, and stakeholders are once again gratefully acknowledged.
Thank you.
R. B. Premadasa
Secretary-General
Source ANRPC