World will see less of Natural Rubber in 2011

COCHIN (Commodity Online): If estimates of The Association of Natural Rubber Producing Countries (ANRPC) are to be believed, Rubber producers can rejoice and consumers are set to pay more for the rubber products.
The ANRPC report says Rubber production this year could be around 10.025 million tonnes, lower than an earlier forecast of 10.060 million tones.
ANRPC uses only official sources for gathering updated trends from the 11 countries which are its members and account for more than 92% of the commodity’s global supply.
Countries which forms ARRPC are Cambodia, China, India, Indonesia, Malaysia, Papua New Guinea, Philippines, Singapore, Sri Lanka, Thailand and Vietnam, which accounts for more than 95 per cent
2011 supply of Rubber from these rubber producing countries are likely to fall by around 0.4 per cent mainly because of a revision of estimates in Thailand, major contributor to rubber.
Thailand revised from 3.375 million tonnes in 2011 from an earlier forecast of 3.430 million tones. The arrest in fall of Rubber could not be sustained despite Indonesia's higher estimates. Indonesia increased its estimated output from 2.955 million tonnes to 2.972.
This could have a cascading effect in automobile industry as its input costs are going to hit badly.

(Source: http://www.commodityonline.com/news/World-will-see-less-of-Natural-Rubber-in-2011-38660-3-1.html)