News From Secretariat
ANRPC releases Natural Rubber Trends & Statistics, June 2017
Jul 07, 2017
The Association of Natural Rubber Producing Countries releases the "Natural Rubber Trends & Statistics" for June 2017.
From the desk of Secretary-General
Natural rubber (NR) prices across key physical markets have gradually recovered in the month of June with a deficit in world supply close to 700,000 tonnes. The revised outlook of world supply is anticipated at 12.797 million tonnes, marginal increase by 0.3% from 12.756 million tonnes reported last month.
The movement of physical rubber prices are also sensitive to the sentiments in regional rubber futures markets namely TOCOM and Shanghai Rubber Futures. Analysis revealed that the current trends of NR prices are supported by the favourable supply-demand situation in NR market, recovered in crude oil price in response to weak US dollar, sharp appreciation in Chinese yuan and weak yen.
To further improve the quality of data and reliability of forecasts, ANRPC is organizing a Workshop on Supply, Demand and Modelling from 11 to 14 July 2017 in Davao City, Philippines. The workshop, to be attended by about 25 statistical officials in Member Governments, is scheduled to review the sources and methods followed by Member Governments for estimation of data and preparation of forecasts. The workshop will be a major initiative to bring further qualitative improvements in the coverage and reliability of data reported through Natural Rubber Trends & Statistics.
In the attempt to provide updated trends and emerging developments in natural rubber sector, ANRPC provides through this issue of Natural Rubber Trends and Statistics, the figures of supply and demand for NR during the period up to June 2017 and the anticipated monthly figures for the year 2017, covering all ANRPC Member Countries.
Before I conclude, I place on record sincere gratitude of the ANRPC to its statistical correspondents in Member Governments for timely making available required data and forecasts. I also thank all esteemed users of the publication for the continued support.
Dr. Nguyen Ngoc Bich