ANRPC reports about plummeting global consumption and falling prices of natural rubber
The association reports that the world consumption of NR fell 19.6%, year-over-year, during the first quarter of 2020, as per the preliminary estimates and forecasts of individual countries. The consumption anticipated during the second quarter is down 1.5% compared with the same quarter a year ago. At the same time, the world production of NR increased by 1.8%, year-over-year, during the first quarter of 2020, according to preliminary estimates and forecasts of individual countries. The production anticipated during the second quarter is up 3.6% compared with the same quarter a year ago.