ANRPC spots 5.2% annual growth in global natural rubber demand
The Association of Natural Rubber Producing Countries (ANRPC) has released the Natural Rubber Trends & Statistics for October 2018. According to ANRPC, the world demand of natural rubber (NR) from January 2018 to October 2018 recorded at 11.696 million tonnes, an increase of 5.2% from the same corresponding period a year earlier. While, the world production charted a 5.5% growth to 11.468 million tonnes. This resulted to a short of 228,000 tonnes of NR during the reference period.