The Association of Natural Rubber Producing Countries (ANRPC) releases the Monthly NR Statistical Report, July 2022.
The global production of natural rubber (NR) is estimated to expand by 3.9%, year-on-year, to 1.283 million tons; while the global demand is expected to grow faster at 8%, year-on-year, to 1.266 million tons during July 2022. During the same reference period, the prices in NR market have edged lower as compared to June 2022 amid a gloomy global economic outlook, as released by International Monetary Fund (IMF) at 3.2% for 2022, lower than 0.4% point in corresponding to its earlier forecast in April 2022.
Despite concerns on the slowdown of China’s economy, the Government has introduced various measures including Central Bank cuts interest rates to stimulate the economic recovery from lockdowns and worsening of real estate crisis. While the China’s auto sales have further improved in July 2022 supported by lower sales tax and incentives for electric vehicles and also anticipating more sales in the coming months too. This may lead to a better-than-expected recovery in the NR market. Moreover, the NR market, especially NR exporting countries are benefiting from the relatively strong US dollar as it encourages more exports.
This is last notice for the online survey gathering feedback from rubber stakeholders in the value chain of NR industry for the proposed Sustainable Price Mechanism (SPM). It targets to safeguard the interests of stakeholders in the NR industry and provide a sustainable NR industry in the entire value chain for long run.
I urge for your participation in the online survey for providing feedback on this proposed mechanism by this month. Please visit our website, <click here>
to read on the Brief for the Sustainable Price Mechanism (SPM) prior to providing your feedback in the online survey. The said Brief is available in several languages such as Bangla, Khmer, Thai and Viet Nam; while the online survey is available in multilingual options namely English, Khmer, Indonesia, Thai and Viet Nam. I appreciate your time and patience for providing your valuable feedback on this matter.
The incessant support and cooperation extended by the esteemed users, statistical correspondents, and stakeholders are once again gratefully acknowledged.
For renewal or new subscription for year 2022, subscribers may contact the Secretariat for further details at email@example.com.
R. B. Premadasa