KUALA LUMPUR, Malaysia—Natural rubber production recovered in the month of May, as the seasonal leaf foliation period ended in April, according to the latest data by the Association of Natural Rubber Producing Countries.
May's output grew 12.2 percent month-on-month to just over 1 million metric tons, but was slightly lower than the same month last year, ANRPC said in a June 20 statement.
The association marginally lowered its projection for the 2023 global NR production to 14.888 million tons, down from 14.916 million tons reported in April. This, it said, was due mainly to China's lowering its output forecast from 880,000 tons to 852,000 tons for the year.
While most ANRPC members increased production in May, Indonesia, Malaysia, Myanmar and Sri Lanka registered a fall from the previous month. The association linked this drop to circumstances such as climate change, "unsightly, uneconomical low rubber prices," and the negative consequences of leaf diseases.