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Rubber scarcity creates new headache for beleaguered automakers
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Rubber scarcity hits beleaguered carmakers
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Natural rubber markets present mixed picture
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KUALA LUMPUR Natural rubber markets could rise or at least sustain their current upswing in the short term, due to factors such as tight supply, high demand and a COVID-19 recovery, according to the Association of Natural Rubber Producing Countries.
ANRPC said the global production of NR is anticipated to be down 10.1 percent during December compared to the same month last year, ANRPC said.
A key contributor, according to the association, is the spread of fungal leaf diseases in mature rubber trees occupying around 390,000 hectares in Indonesia, 150,000 in Thailand, 19,000 in Malaysia and 20,000 in Sri Lanka.
This, according to ANRPC, will lower the yield considerably for about two years.