Global production of natural rubber (NR) registered a fall of 6.5% to 4.930 million tonnes during the first five months of 2019, on a year-to-year basis. However, world consumption recorded 5.789 million tonnes, up 0.9% from 5.376 million tonnes during the same period last year, stated the latest Natural Rubber Trends and Statistics report of Association of Natural Rubber Producing Countries (ANRPC) in May 2019. This favourable market fundamental have kept the sentiment in the NR market strong despite the tension between China and the US, said the report.
During this reference period, the production by two major NR producers – Thailand and Indonesia, fell 21.0% and 4.3% respectively against the same period a year ago. This was attributed to the significant fall in world production during the first five months of 2019, the report said.
Based on preliminary estimates, the world production of natural rubber (NR) during the first five months in 2019 amounted to 4.930 million tonnes, fell 6.5% from 5.274 million tonnes over the same period last year. This figure also inclusive of the production from non- ANRPC countries.