Singapore: Global natural rubber output will fall 2.2% to 8.9 million tonnes in 2009, its biggest drop in 16 years, as Thailand, Indonesia and Malaysia produce less, the Association of Natural Rubber Producing Countries said on Monday.
“The 2.2% decline in natural rubber production anticipated in 2009 is the biggest decline in the past 16 years,” the group said. “Global production of natural rubber had declined by 2.6% during 1993.”
The association accounts for 94% of global natural rubber production. Other members are India, Vietnam, China and Sri Lanka. “(In) Thailand, the largest natural rubber producing country accounting for about 33% of the global supply, production dropped by 13.9% during the first two months of 2009 on a year-on-year basis,” it said in its March report.
India has scaled down the production forecasts for 2009 in the backdrop of an unusually severe drought during the first quarter of the year in the country’s major rubber growing region, it said.