KUALA, LUMPUR, MALAYSIA (July 2, 2012)—Production of natural rubber by members of the Association of Natural Rubber Producing Countries will reach 10.8 million metric tons in 2012, according to the organization.
This is a 4.9 percent rise from 10.33 million tons produced in the previous year. The new data comes from the June edition of Natural Rubber Trends and Statistics published by the ANRPC.
The upward revision results from a higher anticipated output of NR by Vietnam, Indonesia and Malaysia.
NR production for Indonesia is now anticipated to improve at the rate of 8.2 percent to 3.26 million tons as compared to the previously reported marginal fall at the rate of 0.4 percent to 3 million tons in 2012.
Vietnam has revised its production for 2012 to 915,000 tons as compared to 860,000 tons reported a month ago.
The tremendous growth is supported by an increase in tapped areas as reported by the country. In the case of Malaysia, the country has also revised the NR production to 1 million tons in 2012, with a year-on-year growth rate of 0.4 percent.
For imports, the ANRPC's members have imported 1.08 million tons in the second quarter of 2012, an increase of 32.9 percent.
Also, the region's imports have achieved a notable increase of 51.4 percent in June 2012 versus a negative growth of 7.6 percent in the same period last year.