
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.