4.6 C
New York
Wednesday, January 19, 2022

Global rubber output seen largely steady in 2016 -ANRPC

MUMBAI, June 7 (Reuters) – Global natural rubber outputcould rise just 0.3 percent in 2016 from a year ago as drop inyields are seen offsetting expansion in the tapping area, theAssociation of Natural Rubber Producing Countries (ANRPC) saidin a statement on Tuesday.

Production from the ANRPC members, which together accountfor about 92 percent of global output, could rise to 11.07million tonnes in 2016 from 11.04 million tonnes a year ago,Sheela Thomas, secretary-general of the ANRPC said.

“Prevailing low natural rubber prices, climatic constraintsand a host of other factors are likely to exert downwardspressure on the average yield,” Thomas said.

The production of ANRPC countries grew 0.8 percent in 2015as falling prices prompted farmers to reduce tapping. (Reporting by Rajendra Jadhav, editing by David Evans)

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

11,069FansLike
12,893FollowersFollow
754FollowersFollow
- Advertisement -

Latest Articles

Popular Articles