The global supply of natural rubber (NR) has further improved to 991,000 tons in May 2022 and resulted in a lower supply shortage to 198,000 tons with global demand estimated at 1.189 million tons during the same reference period. Although NR markets for both futures and physical markets have posted an upward trend for May 2022, the average price across key markets has inched lower compared to the previous month. This is because these markets have weighed on the impact of the lockdown of China and the prolonged geopolitical conflicts between Ukraine and Russia despite favourable market fundamentals as per estimates given up to May 2022.
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 targets to tackle prevailing low prices and safeguard the interests of stakeholders in the NR industry. It’s ultimately to provide a sustainable NR industry in the entire value chain for the long run.
I urge for your active participation in the online survey for providing feedback on this proposed mechanism. Please visit our website, <click here> to read on the Brief for the Sustainable Price Mechanism (SPM) prior to providing your feedback in the online survey. The said Brief is available in several languages such as 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 for 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