The Association of Natural Rubber Producing Countries (ANRPC) has released the Monthly Natural Rubber Statistical Report for March 2023, which updates the outlook for the global natural rubber market based on the latest International Monetary Fund (IMF) projections.

The report states that global production of natural rubber is expected to grow by 2.7% to reach 14.916 million tons, while global demand is expected to contract by 0.4% to 14.912 million tons.

In March, global natural rubber production decreased by 26.1% to 967,000 tons compared to the previous month, while global demand is estimated to increase by 7.9% to 1.306 million tons during the same period. Despite these positive market fundamentals, the physical and futures market of natural rubber were volatile due to various international events. The report also includes the latest trends and price movements in key physical markets for natural rubber.

To see the latest trends of the global natural rubber, including price movements in key physical markets, proceed to ANRPC’s website.