ANRPC releases monthly Natural Rubber statistical report, July 2023
The Association of Natural Rubber Producing Countries (ANRPC) released the Monthly Natural Rubber (NR) Statistical Report, July 2023.
The global production of NR witnessed a 2.1% growth amounting close to 1.3 million tons, while global demand of NR posted a relatively faster growth at 3.2% to 1.3 million tons during the month of July. The market's heightened sensitivity to cautious market circumstances, combined with growing fears about China's economic slowdown, continuous Federal Reserve rate hikes, and geopolitical tensions, hindered this near-market-equilibrium development from driving the prospects of the NR market.
Snapshots of the recent trend of outlook in the global NR market are shown on ANRPC’s website.
ANRPC is going to share more information for its first post-pandemic Annual Rubber Conference with the theme on “Natural Rubber Industry: Challenges and Policy Options in the 21st Century” scheduled on 9 October 2023. It provides an international meeting point and an ideal platform for meaningful interactions and networking among rubber industry players, policymakers, researchers, and commodity analysts across countries.
All interested individuals and organizations are welcome to register now till 15 September 2023 (Friday). Due to limited capacity, registration is open on a first-come first served basis.
To find out more, proceed to ANRPC’s website.