ANRPC published new report on natural rubber market and trends
The Association of Natural Rubber Producing Countries (ANRPC) presented its new data on natural rubber (NR) in which it stated that the NR global production dropped 5.8 percent during first two month of 2019. This drop represents over 2 million tons of the valuable material. According to ANRPC, the decline is a result of the tropical storm that recently hit Thailand. Moreover, some other states witnessed unfavorable conditions for rubber trees during early winter season which also resulted in the manufacture drop. In addition, the organization suspects that the outbreak of a new severe fungal leaf-fall disease targeting plants in Sumatra affected the production.