KUALA LUMPUR, Malaysia (July 28, 2011)—In its July issue of Natural Rubber Trends & Statistics, the Association of Natural Rubber Producing Countries said NR pries are recovering hesitantly on low supply, the weak dollar and high oil prices.
However, the group warned, starting in 2016 there will be marked slowdowns in global supply of NR.
“These figures clearly indicate that the present tightness in NR supply would be continued and the commodity would be in deficit through 2018 even if the demand grows only moderate rates," ANRPC said.
The group said total supply of NR from member nations of the ANRPC is likely to grow on year by 3.4 percent in the third quarter (July to September) as against 10.5 percent and 3.3 percent rates attained during the first two quarters respectively.
Supply had posted a 12.1 percent growth during the previous year's third-quarter, the group said.
In reference to China, the data shows the year-long slowdown in demand for NR is coming to an end.