Jakarta: Indonesia, the world's largest producer of rubber second, increase its production by more than 20 percent to 3.6 million tons by the year 2015 to meet growing domestic demand and the Chinese in the fast-growing economies, the Rubber Association of Indonesia (Gapkindo) said on Tuesday.
Within five years, domestic consumption of rubber in the largest economy in Southeast Asia should go to 20 percent of total production, Suharto Honggokusumo, Gapkindo executive director said. Indonesia produced 2.8 million tons of rubber in 2010 and Honggokusumo regard this increase of 6 percent and 8 percent this year.
The weather anomaly La Nina caused unusually heavy rains this year in Indonesia, even during the dry season, common, leading to the production of many commodities.
"Before 2007, the (annual percentage) increases about 10 percent," he said.
domestic consumption of rubber in Indonesia was 422 000 tons in 2010, and Honggokusumo is an increase of 10 percent this year, when the economy is projected to grow by 6.4 percent. "This is normal, as in China, economic growth is very fast," he said. "Everyone wants a better life - from bicycles to motorcycles, then cars."
"We need to increase local consumption," he added. "In 2015 we would have 20 percent of production is consumed locally."
Global demand for natural and synthetic rubber, is expected to increase to 26.1 million tons in 2011 to 24.4 million tonnes in 2010, the International Rubber Study, said earlier this month. – Reuters
(Source: http://www.btimes.com.my/articles/indorube/Article/)
No comments:
Post a Comment