ANRPC is happy to release its Natural Rubber Trends & Statistics, May 2020
with the Foreward from Secretary-General
In line with the outlook reported by the ANRPC through the April issue of this publication, natural rubber (NR) prices started recovering since the last week of April driven by the positive sentiment generated by 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.
In the light of the most updated information gathered from the producing countries, ANRPC has further scaled down the outlook on world production of NR. As per the revised outlook, the world production is expected to fall by 4.7% to 13.130 million tonnes during 2020. The revised outlook is 303,000 tonnes lower than the outlook reported through the April issue of this publication. The outlook on world consumption is scaled down further, largely based on the revisions made by India and Indonesia. Based on the revised outlook, the world consumption in 2020 is expected to fall 6.0% to 12.904 million tonnes. These figures include estimates and forecasts for the non-ANRPC countries as well.
While the outbreak of the COVID-19 pandemic put the world rubber industry into one of the worst crises in the past few decades and pushed the stakeholders in the whole value-chain into chaos and hopelessness, ANRPC has made it a point to gather the grassroots level information of all developments and provide the most updated information to the market. It is during the uncertain times that trusted facts assume greater value. Timely availability of such trusted facts enables the policymakers, stakeholders, including the farmers, to get a closer picture of the undercurrents in the market and identify the most appropriate strategies.
Before I conclude, let me appreciate the commitment shown by the statistical correspondents in all the ANRPC member governments for timely making available the most updated estimates and forecasts by managing the surveys and estimation processes despite the difficulties caused by the lockdowns, and the holidays for the Eid Al-Fitr festival.
Esteemed users are encouraged to offer feedback and the suggestions.
Mr. R. B. Premadasa