The first nine months of global natural rubber (NR) production, saw an increase of 3.2%%, reaching 9.9 million tons. Meanwhile, global NR demand increased by 1.4% to 11.3 million tons during the same reference period. Furthermore, the NR market is expected to face tight supply due to the production disruption caused by damage from recent typhoon Yagi and widespread flooding in producing NR regions in China, Thailand and Viet Nam. Below are the snapshots of the outlook for the world NR market from July to September 2024.
Based on the performance and updates from ANRPC member countries, the outlook for global NR production is revised with an anticipated annual growth of 3.2% following an update from Indonesia’s production in 2023. Similarly, the global demand growth is also revised to grow at 0.4%, on year-to-year, following revisions in China, Indonesia and Malaysia. Further details could be found in the report.
Source : ANRPC