By TT News| Dec 27, 2021

ANRPC Expects 2.1 Percent Increase In Global NR Production

The Association of Natural Rubber Producing Countries (ANRPC) has released the Natural Rubber Trends for November 2021, which predicts a 2.1 percent increase in natural rubber production to 13.882 million tonnes.

Global demand is expected to increase by 8.7 percent to 14.076 million tonnes and natural rubber price movements have shown an upward price trend in November 2021, which could be due to tight supplies by raw material supplying countries as a result of bad weather.

The association also said that the recovery momentum is dependent on the development of covid-19 as the omicron variant had added an additional uncertainty during this period. (TT)

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