Association of Natural Rubber Producing Countries (ANRPC) anticipates 4.7 per cent increase in production of natural rubber by member-countries to 11.314 million tonnes in 2017, as against 10.804 million tonnes in 2016.
As per preliminary estimates, the total production of NR by ANRPC member-countries is anticipated at 4.990 million tonnes during the first half of 2017, up 3.9 per cent from the same period in the previous year.
The anticipated increase in production is attributed to expansion in mature area by 383,000 hectares and improvement in average yield in response to recovery in rubber prices.
ANRPC member-countries, accounting for 90% of the global supply of NR, produced 2.499 million tonnes of NR during the first quarter of 2017, up 2.0 per cent from the same period in the previous year. This growth, although marginal, is largely attributed to positive response of farmers to recovery in rubber prices.
While most of the major producing countries posted rise in production, it fell in Thailand (-10.9%) and Malaysia (-1.1 per cent) during Q1 2017 compared to the same period a year ago.