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3.4% rise in NR consumption likely: ANRPC |
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ANRPC anticipates consumption of natural rubber by member-countries to be 6.477 million tonnes in 2012, higher than 6.266 million tonnes last year. However, the growth rate is revised down to 3.4 % from 4.5 % anticipated earlier, in view of the possible impact of eurozone crisis on Asia. Against a 5.9% year-to-year growth registered in Q1, the consumption in Q2 is anticipated to register a 0.8% rise from a year-earlier period. The marginal rise is because of the upward revisions in China’s figures for 2011 and 2012. China has revised up its figure for 2011 to 3.602 million tonnes (from 3.503 million tonnes) and that anticipated for 2012 to 3.670 million tonnes (from 3.610 million tonnes).
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