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World rubber output to grow in 2010

Ngày đăng: 04/05/2010 12:37:39

Thiruvananthapuram, India -- According to an article in rubbermarketnews.com, "Global rubber supply is likely to grow by 6.2 percent in 2010, according to the crop outlook report by the Malaysia-based Association of Natural Rubber Producing Countries (ANRPC). “From 8,821 million metric tons in 2009, supply of natural rubber in ANRPC member countries is now anticipated to grow at a rate of 6.2 percent in 2010, touching 9,367 million metric tons,” Djoko Said Damardjati, secretary-general of the ANRPC said. ANRPC accounts for about 94 percent of the global supply of natural rubber. Last year, world rubber supply had shrunk 3.6 percent to 8.821 million metric tons, mainly due to Indonesia‘s downward revision of stocks. “A faster-than-expected global economic recovery” and “resultant acceleration in natural rubber demand” are major drivers of the rubber market in the short and medium term, Djoko Said Damardjati said, in ANRPC’s April bulletin. Besides the rising consumption in China, India and Malaysia, a section of the tire manufacturing industry, which has been shying from coming into the market in March and April, is expected to make a comeback from next week."
Source: rubberworld.com()
 

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