By Anant Thawatchaipracha
12 July 2010 – The ANRPC lowered its forecast of growth for global supply of natural rubber for 2010 to 5.2% from the 6.1% rate anticipated in May, according to its June monthly bulletin released recently.
The ANRPC had earlier in March anticipated a 6.3% rate of growth and had even then cautioned it to be an optimistic rate and pointed out a host of constraints in its achievement.
Two of the major constraints, it said, were that existing yielding rubber trees in major producing countries were largely planted during 1980’s and they have now reached senile stage having low yield. Secondly, the anticipated rate assumed a favourable climate during the whole year.
It further said that the revised 5.2% rate is subject to further downward revisions in view of constraints related to farmers delaying replanting because of the high rubber prices, the age-structure of rubber threes causing lower yield outputs, effect of unusual rains on Indonesia’s output in June, effect of an extended wintering on Thailand’s production and a revised lower forecast for India’s output.
(irco.biz)
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