Home / Special Report/ Global natural rubber production up 7% in 2017 but consumption dips

Global natural rubber production up 7% in 2017 but consumption dips

Comments / {{hitsCtrl.values.hits}} Views / Monday, 22 January 2018 00:31

Kuala Lumpur: Global production of natural rubber (NR) was up in 2017, but global consumption of NR dropped during the same time period.

According to a recent release from the Association of Natural Rubber Producing Countries (ANRPC), NR production rose 6.8% last year to 13.3 million metric tons, compared to the 12.4 million tons produced in 2016. ANRPC noted that almost 90% of the world supply was produced by its member states.

Global NR consumption, meanwhile, rose by a mere 1.4% to 12.9 million tons during 2017, according to ANRPC. In December, the association saw signs of recovery in rubber pricing, but the improvement was linked to higher crude oil prices and a previously agreed upon cut in supply by three major NR producers. In an effort to address low NR prices, Thailand, Malaysia and Indonesia, members of the International Tripartite Council, agreed 29 November 2017 to cut NR exports by 350,000 tons between 22 December 2017 and March 31 this year. Other measures included providing loans at subsidies to encourage replanting and increase productivity.


Share This Article


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Maximum Residue Level: Dilemma of agricultural product exporters in Sri Lanka

Wednesday, 19 September 2018

Due to increased emphasis on consumer health, majority of developed countries such as EU, Japan and the US insist on MRL testing of food items which has to be done by the exporter. The Codex Alimentarius Commission which is an inter-governmental bod

East Container Terminal blunder: Learn from Chinese

Tuesday, 18 September 2018

Minister for Ports and Shipping Mahinda Samarasinghe informed the press in August that Cabinet has approved the development of East Container Terminal (ECT) of Colombo Port by the Ports Authority. According to approval: nPorts Authority would develop

President Sirisena, playing with fire, must take note that smoke will get into his eyes

Tuesday, 18 September 2018

Penchant for playing with fire President Gamaralalage Sirisena has always had a penchant for playing with fire. He did fire-play at the local government elections when he made a disastrous U-turn and went round country blasting the party and its lea

Response to claims that Sri Lanka was in a ‘debt trap’ in 2014 due to ‘Chinese loans’

Monday, 17 September 2018

Several Western analysts have carried out a relentless media campaign in keeping with their own geopolitical agenda, to suggest that China was luring Sri Lanka into a carefully engineered debt trap.

Columnists More