NR production to reach 10.8 million tonnes - ANRPC

ERJ staff report (DS)

Kuala Lumpur -- Production of natural rubber by members of the Association of Natural Rubber Producing Countries (ANRPC) will reach 10.8 million tonnes in 2012. This is a 4.9 percent rise from 10.325 million tons produced in the previous year. The new data comes from the June edition of Natural Rubber Trends and Statistics published by the ANRPC.

The upward revision results from a higher anticipated output of

NR by Vietnam, Indonesia and Malaysia. NR production for Indonesia is now anticipated to improve at the rate of 8.2 percent to 3.261

million tons as compared to the previously reported marginal fall at the rate of 0.4 percent to 3 million

tons in 2012. Vietnam has revised the its production for year 2012 to 915,000 tons as compared

to 860,000 tons which reported a month ago. The tremendous growth is supported by an

increase in tapped areas as reported by the country. In the case of Malaysia, the country has also revised the NR production to 1.0 million tons in

2012, with a year-on-year growth rate of 0.4 percent.

For imports, the ANRPC's members have imported 1.083 million tons in Q2 2012, an increase of

32.9 percent. Also, the region's imports have achieved a notable increase of 51.4 percent in June 2012 versus a

negative growth of 7.6 percent in the same period last year.

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Press release from ANRPC