Mar 15, 2017
According to the Association of Natural Rubber Producing Countries (ANRPC), production of this raw material in the first two months of 2017 decreased by 2.2% compared to the same period last year.
This decline, as noted, is mainly due to floods in southern Thailand and "unusually early onset of fall foliage in the off-season."
The fall in production was accompanied by an increase in demand for natural rubber, reaching 3.3%.
According to ANRPC forecasts, the total production of natural rubber in 2017 will grow by 4.2%, which is 0.2% higher than earlier forecasts.