10/08/2012

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ANRPC forecasts higher natural rubber output in 2012

Thailand was still the largest producer with 34.82 % followed by Indonesia with 28.88 %, Malaysia with 9.71 %, and Vietnam with 7.91 %. The association said that the natural rubber supply growth for the years 2005?-?2011 of its member countries is related to the average annual increase in tapped area of 1.8 %, yield per hectare (1.7 %), and production (3.5 %). ANRPC forecasts that Thailand will produce 3.6 million t of natural rubber, Indonesia (3.2 million t), and Malaysia (1 million t) in 2012. While total consumption by members of the ANRPC was likely to rise this year, the debt crisis in Europe and its possible impact on Asia would cast a shadow over the demand prospect for natural rubber, said ANRPC.Furthermore, IHS Chemical Olefins and Elastomers Asia reported that the nitrile latex demand is also expected to continue to grow. According to the market research firm, demand was able to absorb the fast-expanding capacity and cost would continue to be a large driver for nitrile latex producers. The global demand for nitrile latex was about 900,000 wet tonnes last year with more than half of the demand from Asia, with Malaysia and Thailand being the largest nitrile latex consumers, said IHS.

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