Global natural rubber supply has continued to fall due to lower output in all major producing countries except China, the Association of Natural Rubber Producing Countries said Monday.
Production in Thailand in the January-September period is estimated have dropped 9% from the first nine months of last year, while exports have declined by 8.8%. In Malaysia production is down 21% during January-October while in India it fell 9% in the same period.
Production is likely to be even lower in November, and projections made in the first week of November, including a forecast for Thai output this year of 2.9 million metric tons, are unlikely to be achieved, the ANRPC said.
"Production in Thailand, Indonesia, Malaysia and India was severely hit by unusually heavy rains this month," ANRPC said in a monthly report.
(Source: irco.biz)
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