‘World NR production up 4.7% to 11.676 million tonnes in Jan-Nov 2017’
The latest report by the Association of Natural Rubber Producing Countries (ANRPC) has stated that the global production of Natural Rubber (NR), including non- ANRPC member countries, increased from 11.150 million tonnes to 11.676 million tonnes, up by 4.7%, during the first eleven months of 2017 compared to same period a year ago. The global demand for NR stood at 11.804 million tonnes, up 1.2% on a year-on-year basis, said the Natural Rubber Trends and Statistics report of ANRPC in November 2017.
Based on the new figures, ANRPC has revised world outlook of NR production by 29,000 tonnes from 12.869 million tonnes to 12.840 million tonnes. The further cut of supply was attributed to downward revisions made to the annual production of NR in China and India for the year 2017 by 14,000 tonnes and 15,000 tonnes respectively.
“In November 2017, the typhoon Damrey swept into Vietnam and caused damages to more than 40,000 ha of crops, including rubber. The typhoon also hit the southern part of Thailand which has continued to experience heavy rain and has triggered flash floods and rainwater runoff in several areas namely, Surat Thani, Nakhon Si Thammarat, Phatthalung, Songkhla, Pattani, Yala, Narathiwat, Krabi, Trang and Satun. Some rubber plantations in these areas were damaged by ongoing floods since late November 2017,” the report said.