Natural rubber output in major producing regions during the January-October period last year is expected to fall 9%, the Association of Natural Rubber Producing Countries said Monday.
Heavy rains and floods across Thailand and Malaysia in November, a long dry spell in Indonesia's rubber growing areas over several months, replanting activities subsidized by governments and unattractive prices amid low demand during the first half of 2009 together contributed to low output and tight supplies.
The estimate doesn't include data from Indonesia, the release of which lags other countries.
Production in Indonesia is estimated at 1.93 million metric tons for the January-September period, down 5.9%.
Production in all major producing countries except China is estimated lower on year. ANRPC said production was also lower in November though figures for the month aren't available so far for Thailand and Indonesia.
"The falling trend in the supply of natural rubber accelerated according to data available up to November," ANRPC noted in its latest report.
Member countries of the ANRPC account for 93% of the world's total supply of natural rubber.
Production in Thailand, the world's largest producer, is estimated 9.6% lower on year during the January-October period. Exports are estimated 8.4% lower on year.
In Malaysia, output was 25% lower during the January-November period. During the same period production was 7.6% lower on year in India and 1.9% lower in Vietnam.
China's output rose 19% or by 98,000 tons during the January-November period.
(Source: irco.biz)
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