ANRPC Releases Natural Rubber Trends & Statistics, March 2019
In first quarter of 2019, the world production of natural rubber (NR) fell 5.2%, year-to-year, accounted to 2.989 million tonnes in the presence of wintering seasons and prevailing low rubber prices to some farmers in specific countries. The new leaf fall disease outbreak in South Sumatra might also have contributed to the drop in the world NR production. The world consumption of NR also down marginally by 0.4% to 3.380 million tonnes during the same reference period. This favourable market fundamental has supported the physical NR prices across key markets with some improvements over the first three months in 2019 by hovering around US$1.45 per kg.
The concern over further extension by US on the trade negotiation with China which has yet to finalize any deals have caused the uncertainties in global economy, also could be translated as volatility in NR market. Despite price rally seen in the crude oil market after OPEC has successfully stabilised the price through its effort of production cut along with US sanctions on Iraq and Venezuela, rubber prices did not track the same for this month as the influence of other external factors were much prominent.
The analysis and data given in this publication could help to closely understand the prevailing situation in the market and the emerging scenario. ANRPC owes a debt of gratitude to its statistical correspondents in the member countries and the esteemed users of this publication.