Global NR demand grew 7.6% in Q1 2018: ANRPC

The global demand of natural rubber (NR) grew 7.6% from 3.123 million tonnes during January-March, 2017
to 3.361 million tonnes during Q1 2018. The world production of NR recorded a 3.3% growth to 3.152 million tonnes during first quarter of 2018 as compared to 3.051 million tonnes produced during same period last year. This figure
also accounted the 9% of production share from non-ANRPC member countries. An increase in production in China, Philippines, Thailand and Cambodia has contributed for the spurt in NR production, said a report by Association of Natural Rubber Producing Countries (ANRPC).

“Global supply of NR posted a 3.3% growth at 3.152 million tonnes on a year-to-year basis. Such favorable supply-
demand fundamental did not reflect in the rubber prices movement in physical market nor futures market. This may result from the uncertain outlook over trade tension between China and US, worries of rising inventories in the futures market and a strong yen,” said the March 2018 Natural Rubber Trends and Statistics report by ANRPC.

The revised global outlook of NR supply during 2018 is anticipated at 14.300 million tonnes, up 7.2% from 13.341million tonnes recorded in 2017. This revision is resulted from upward revision made to the annual estimate production from Thailand and non-ANRPC member countries during 2018.