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Rubber production projected to grow upto 10 Million Tons

Posted on : 25 Jan, 2012

 

Owing to the increased output from China, Indonesia and Malaysia, rubber output saw a significant increase in 2011 as reported by Association of Natural Rubber Producing Countries. 92 percent of global supply were by the association members and is forecasted to rise to million metric tons.

 

According to Jom Jacob, a senior economist at the Kuala Lumpur-based association, there has been a marginal improvement yet concerns over availability of natural rubber still persist. Amid the staggering U.S. economy and deepening European debt crisis , rubber futures have lost 27 percent. Natural rubber market may continue to stay fragile while the demand-supply situation holds the price commented Jacob.

 

Mr. Jom Jacob, Senior Economist, The Association of Natural Rubber Producing Countries (ANRPC) provides more such insights in his presentation entitled “Volatility in Natural Rubber Prices: Causes & Consequences” at CMT’s 2nd RubberPLANT Summit in Bali, on the 6^th & 7th of Feb 2012.

 

To preview all presentation topics, Request Conference Agenda or send your enquiries to hafizah@cmtsp.com.sg

 

Excerpt from Rubbermarketnews