
ANRPC revises down world natural rubber consumption outlook
The Association of Natural Rubber Producing Countries (ANRPC), in line with its recent outlook, says that the natural rubber (NR) prices started recovering since the last week of April driven by the positive sentiment due to the relaxation of the COVID-19 containment measures and lockdowns, reopening of economic activities across countries, positive developments in crude oil market, and a substantial contraction in the global production of NR. The recovery is likely to continue, albeit at a slow pace and subject to a set of risk factors.