Singapore — India’s economy has shifted into lower gear since the country’s general election, posting its slowest growth in six years for the April-June quarter and taking a toll on energy and commodity markets that were already grappling with an ailing automotive sector and a lack of liquidity. Not registered? Receive daily […]
KUALA LUMPUR, Malaysia — Global production of natural rubber fell 6.5% through the first five months of 2019 to 4.93 million metric tons, according to the Association of Natural Rubber Producing Countries.
Kuala Lumpur – Global production of natural rubber (NR) fell 6.5% year-on-year to 4.93 million tonnes in the first five months of 2019, according to the latest figures released by the Association of Natural Rubber Producing Countries (ANRPC).
World NR consumption for the five months to end of May rose 0.9% to 5.789 million tonnes, creating a shortfall of just under 860,000 tonnes, ANRPC announced in a 20 Aug statement.
The widening demand-supply gap in natural rubber in India, coupled with restrictions on import of the commodity, threatens to hit the tyre and non-tyre manufacturing sector badly. The drastic fall in production is particularly worrisome to rubber MSMEs who can hardly afford the high import duty and many have gone out of existence for want of raw material
Kuala Lumpur – Global production of natural rubber (NR) totalled 3.954 million tonnes during the first four months of 2019, the Association of Natural Rubber Producing Countries (ANRPC) has reported.
The level represented a decline of 5.1%, from 4.165 million tonnes, recorded during the same period in previous year, said a 30 June ANRPC statement.
World consumption of NR, meanwhile, improved over the four months to April: up 1.0% year-to-year to 4.591 million tonnes, the association noted.
The world’s top producers of natural rubber – Indonesia, Malaysia and Thailand – are committed to strengthening collaboration to develop Rubber City in the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) region to boost rubber consumption and promote downstream industry development.
The move is a “rather logical approach,” considering the amount of rubber used in the automotive industry, the Munich-based company said.
“BMW needs around 24,000 (metric) tons of rubber a year for tires alone,” the company said, noting this decision links to its efforts to combat climate change.
HÀ NỘI – Việt Nam’s rubber exports fell in May due to changing Chinese policies and fears over the US-China trade war, a representative of the Việt Nam Rubber Group (VRG) has said.
According to the Ministry of Industry and Trade, in May, rubber exports reached 80,000 tonnes, worth US$116 million, up 6 per cent in volume and 7 per cent in value compared with April. However, those figures were down 26.5 per cent in volume and 26.2 per cent in value year-on-year.
Fortunately, in the first five months of the year, rubber exports reached 495,000 tonnes, worth $673 million, up nearly 12 per cent in volume and 4 per cent in value year on year.
According to the ANRPC, in the first quarter of 2019, world natural rubber production fell 5.2%, year-on-year, accounting to 2.989 million metric tons in the winter season, and prevailing low rubber prices for some farmers in certain countries. The new leaf fall disease outbreak in South Sumatra might also have contributed to the drop in […]