Global NR demand set to fall in 2020

Kuala Lumpur – The Association of Natural Rubber Producing Countries (ANRPC) expects the world consumption of natural rubber to fall 1.5% this year, after a sharp decline in demand in the first quarter.

In its monthly trends update published 30 March, the ANRPC said it estimated the global consumption to drop to 13.53 million tonnes for the whole year, down from the an earlier estimate of 1.2% growth in February.

Read the source article at European Rubber Journal

NR growth outlook falling on coronavirus-induced demand drop

KUALA LUMPUR — The growth in demand for and production of natural rubber is slipping, prompting the Association of Natural Rubber Producing Countries (ANRPC) to revise downward its 2020 global outlook for natural rubber. The association said it expects NR production to grow by 2.7% this year to 14.2 million metric tons, down from the […]

Read the source article at Global Rubber Markets News

There is still a chance for rubber to continue to explore long-term rubber

The epidemic has no major impact on upstream rubber production. Domestic production areas are in the cut-off season, and major overseas production areas in Thailand and Indonesia have not yet spread the epidemic on a large scale. However, the number of confirmed cases in Thailand has increased in recent days, and trade with China has also […]

Read the source article at Global Rubber Markets News

Sumitomo Rubber sets up rubber procurement company

After considering a number of factors, such as a changing business environment as well as growing awareness of human rights and environmental considerations, Sumitomo Rubber Group has established its own local organisation for procuring natural rubber. It has done so via its member company Sumitomo Rubber Industries, which this month set up Sumitomo Rubber Singapore Pte. Ltd. This entity, located in the world’s largest natural rubber trading hub, will commence operations in April.

Read the source article at Tyrepress

Ivory Coast’s rubber output jumps 25% in 2019

Ivory Coast is Africa’s top natural rubber exporter and the seventh largest producer in the world. New plantations have proliferated as farmers switch from cocoa to rubber in search of more stable incomes.

Akpangni Attobra, APROMAC’s general secretary, told Reuters on Wednesday that output will keep rising and should reach 950,000 tonnes in 2021.

Read the source article at Stock Market Quotes and News

It is not easy to lift the bottom of the rubber out of the mud

Although the price of rubber prices is not easy to rise, the bottom may rise: the supply and demand structure in 2020 has not yet undergone a substantial change, and it is not easy for a sustained offensive increase. But the bottom may rise upwards: previously seen bottom opportunities may be difficult to see.

Read the source article at Global Rubber Markets News

Halcyon Agri launches Bounce sustainable rubber movement

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SINGAPORE — Natural rubber giant Halcyon Agri Corp. Ltd. has launched Bounce, which it said is a movement to drive industry and consumer change for an equitable, sustainable natural rubber industry.

Read the source article at Tire Business

Thailand aims to reduce rubber plantations, ramp up value of exports

BANGKOK, Dec 4 (Reuters) – Thailand’s cabinet has approved a 20-year plan to slash rubber plantations by 21% nationwide and increase the value of rubber exports by more than threefold, a government spokeswoman said on Wednesday.

 

Read the source article at reuters.com

ITRC moots exports curbs, again

The International Tripartite Rubber Council (ITRC) is planning another exports control to stabilise rubber prices, a Reuters report said. The council includes Thailand, Indonesia and Malaysia.

The ITRC said 2019 rubber production was expected to fall by 800,000 tonnes due to an outbreak of the Pestalotiopsis fungal disease, erratic weather conditions and sluggish tapping activities after a prolonged spell of low prices.

Read the source article at Rubber Asia

Corrie MacColl details landmark collaboration in Cameroon

Singapore — Natural rubber company Corrie MacColl, a subsidiary of global NR supply chain manager Halcyon Agri, has joined forces with local and international NGOs to strengthen rubber production across its plantations in Cameroon.

Two prominent NGOs, Mighty Earth and the Community Forests Platform, have joined the Cameroon Sustainability Council initiated by Corrie MacColl after a long-running consultation, Corrie MacColl said in a 21 Nov news release.

Read the source article at European Rubber Journal