(Bloomberg) Output from growers accounting for ~90% of global supply -3% y/y to 10.835m mt in 2014 as low prices prompted farmers to switch to other economic activities, according to est. from Association of Natural Rubber Producing Countries.
* Supply, demand in natural rubber markets this yr could balance prices at level fair to both producers and consumers: Association
* Thai production estimated -4.1% to ~4m mt; Indonesia output -2.6% to 3.15m mt
* Vietnam output projected +15% to 1.09m mt
* Remainder produced by India, China, Malaysia, Sri Lanka, Philippines, Cambodia
* China’s 2014 imports est. +2.5% at 3.95m mt; consumption +7.1% at 4.51m mt
