The Association of Natural Rubber Producing Countries’ (ANRPC) Expert Group on NR Prices which met at Hat Yai in South Thailand from 23 to 25 May, examined potential developments in global supply and demand for the years up to 2024 and deliberated at length on possible developments in prices in the context of anticipated demand-supply scenario.

The meeting, attended by about 50 experts from nine countries, reviewed grass-roots level developments in Member Countries and recommended several policy initiatives for the sustainable development of global NR production sector and for the well-being of farmers.

The next meeting of ANRPC Executive Committee is scheduled to consider the recommended measures for implementation in Member Countries, says the latest monthly report of ANRPC.

Meanwhile the associaion is organizing a Workshop on Supply, Demand and Modelling from 11 to 14 July in Davao City in the Philippines to further improve the quality of data and reliability of forecasts. The workshop, to be attended by about 25 statistical officials in Member Governments, is scheduled to review the sources and methods followed by Member Governments for the estimation of data and preparation of forecasts.

The workshop will be a major initiative to bring further qualitative improvements in the coverage and reliability of data reported through Natural Rubber Trends & Statistics.