Global output to grow next year from an estimated 11.7 mln tons in 2013 as plantings between 2006-2008 come into tapping, says Lekshmi Nair, senior economist at International Rubber Study Group.
* Group’s estimate that demand will grow 3% to 11.3 mln tons this year may be revised after IMF cut its world economic growth forecast, Nair says in interview today
* Projections of 5.3% growth in demand for tire consumption in 2013 will also be revised: Nair
* The tire replacement market and the sales market in Europe and the U.S. is not coming up the way we expected at the beginning of this year, so that will have an impact on our consumption forecast: Nair
Source: Bloomberg
