ANRPC releases Monthly NR Statistical Report, April 2024

In April, the average daily FOB prices across key markets showed a declining growth in red, except for RSS-4 in Kottayam. The monthly production saw a year-on-year improvement of 1.6% as seasonal leaf fall came to an end. Additionally, currency strength against the greenback during the same period is crucial to influencing price movements, besides on the market sentiments in rubber market.

Below is the snapshot of the outlook for the world NR market for April 2024.

The Asian Development Bank's April outlook revealed that developing Asia's growth will remain resilient this year despite an uncertain external environment. The shift towards more dovish monetary policies in most economies, coupled with a recovery in export goods resulted in a positive regional outlook. However, policymakers must remain alert to several risks, including escalating conflicts and geopolitical tensions that could disrupt supply chains and increase commodity price volatility. Additionally, US monetary policy, market conditions in China’s property sector, and adverse climate effects pose further challenges. To enhance resilience, policymakers should prioritize strengthening trade, cross-border investment, and commodity supply networks.

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Thank you.

TOH, Heng Guan

Secretary-General