• About Us
  • Contact Us
Sunday, February 28, 2021
Prime Now News
  • Entertainment
    • Movie
    • Music
    • Fashion
  • India
  • Sports
  • Lifestyle
  • Tech & Gadgets
  • Business
  • More
    • Health
    • Education
    • Videos
    • Photos
No Result
View All Result
  • Entertainment
    • Movie
    • Music
    • Fashion
  • India
  • Sports
  • Lifestyle
  • Tech & Gadgets
  • Business
  • More
    • Health
    • Education
    • Videos
    • Photos
No Result
View All Result
Prime Now News
No Result
View All Result
Home Business

Natural rubber industry in ‘crisis’ as pandemic depresses demand

prime one by prime one
June 3, 2020
in Business
0
Natural rubber industry in ‘crisis’ as pandemic depresses demand
0
SHARES
22
VIEWS
Share on FacebookShare on Twitter

MUMBAI: Global production of natural rubber is likely to fall by nearly 5% this year as the coronavirus pandemic has depressed demand and put the industry in crisis, the Association of Natural Rubber Producing Countries (ANRPC) said on Tuesday.

The association, which at the beginning of this year forecast that both production and demand would rise in 2020, now sees output falling – particularly in No. 2 producer Indonesia – due to the economic impact of the coronavirus and the hit to the car industry.

“The outbreak of the Covid-19 pandemic has put the world rubber industry into one of the worst crises in the past few decades and has pushed the stakeholders in the whole value-chain into chaos,” R. B. Premadasa, secretary-general of the association said in a statement.

Demand from car tyre makers such as Bridgestone, the world’s biggest, has dwindled as car manufacturing slumped due to the pandemic and the Japanese company suspended operations at some plants in late April and early May.

ANRPC expects Indonesia’s rubber output to drop 12.6% to 2.9 million tonnes in 2020, while No. 1 producer Thailand will see production fall by 0.9%.

  • Rubber glove exports get pandemic boost
  • Thailand seeks to export more natural rubber after curbs end: Jurin
  • Big drop in natural rubber output seen in 2019

While the association said there has been a spike in demand for rubber gloves and other protective equipment during the pandemic, that is offset by a plunge in demand from the car and other industries.

As a result it expects global production to fall by 4.7% to 13.13 million tonnes this year. At the beginning of the year, it forecast 3.8% and 2.7% rises in production and consumption respectively. Now it sees demand falling by 6% to 12.904 million tonnes.

Natural rubber imports by China, the world’s biggest consumer, could fall by 5.1% from a year ago to 4.8 million tonnes, it said, while demand in India – the No. 2 consumer and also a major producer of rubber – is set to plunge by 21.3% due in part to a lockdown of its car industry during the pandemic.

Source

Tags: ANRPCcoronaviruscrisisNaturalrubber
Previous Post

Dating app Grindr to remove ethnicity filter to support Black Lives Matter movement

Next Post

Coronavirus Outbreak: Third Time In A Week, Maharashtra's Covid-19 Fatalities Cross 100-Mark

Next Post
Coronavirus Outbreak: Third Time In A Week, Maharashtra’s Covid-19 Fatalities Cross 100-Mark

Coronavirus Outbreak: Third Time In A Week, Maharashtra's Covid-19 Fatalities Cross 100-Mark

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
VoIP Office won Nationwide Award from Business Mint

VoIP Office won Nationwide Award from Business Mint

July 26, 2020
POPULAR HEALTH PRODUCT – BIG FLEX IS ALL SET TO BOOST IMMUNITY OF MASSES TO FIGHT VIRUSES AND DISEASES

POPULAR HEALTH PRODUCT – BIG FLEX IS ALL SET TO BOOST IMMUNITY OF MASSES TO FIGHT VIRUSES AND DISEASES

June 11, 2020
GoLimpo – Easy Cleaning Easy Pricing

GoLimpo – Easy Cleaning Easy Pricing

May 11, 2020
Business Mint Nationwide Awards 2020 to be held in Bangalore, Delhi  & Mumbai.

Business Mint Nationwide Awards 2020 to be held in Bangalore, Delhi & Mumbai.

April 7, 2020
Miss Pooja teams up with S Sukhi for another banger, 22 Saal Di

Miss Pooja teams up with S Sukhi for another banger, 22 Saal Di

0
Chiefs Defeat 49ers in Stunning Super Bowl Comeback

Chiefs Defeat 49ers in Stunning Super Bowl Comeback

0
The Gap Between the Haves and Have-Nots of Tech Widens

The Gap Between the Haves and Have-Nots of Tech Widens

0
App Used to Tabulate Votes Is Said to Have Been Inadequately Tested

App Used to Tabulate Votes Is Said to Have Been Inadequately Tested

0
Miss Pooja teams up with S Sukhi for another banger, 22 Saal Di

Miss Pooja teams up with S Sukhi for another banger, 22 Saal Di

September 12, 2020
Indian Bodybuilder Changed Look Made Him Look-alike The Jumanji Star “Dwayne Johnson”

Indian Bodybuilder Changed Look Made Him Look-alike The Jumanji Star “Dwayne Johnson”

September 2, 2020
VoIP Office won Nationwide Award from Business Mint

VoIP Office won Nationwide Award from Business Mint

July 26, 2020
Be a Market-Fit

Be a Market-Fit

June 29, 2020

Recent News

Miss Pooja teams up with S Sukhi for another banger, 22 Saal Di
Entertainment

Miss Pooja teams up with S Sukhi for another banger, 22 Saal Di

by prime one
September 12, 2020
0

Miss Pooja, one of the most popular singers of Punjabi music industry collaborates with a new talent, S Sukhi for...

Indian Bodybuilder Changed Look Made Him Look-alike The Jumanji Star “Dwayne Johnson”

Indian Bodybuilder Changed Look Made Him Look-alike The Jumanji Star “Dwayne Johnson”

September 2, 2020
VoIP Office won Nationwide Award from Business Mint

VoIP Office won Nationwide Award from Business Mint

July 26, 2020
Prime Now News

We see the emergence of a whole new breed who are leading from the front. These are the people who believe in themselves and know it is in them to shape the future.

Browse by Category

  • Apps
  • Brand Post
  • Business
  • Education
  • Entertainment
  • Fashion
  • Food
  • Gadget
  • Health
  • India
  • Lifestyle
  • Mobile
  • Movie
  • Music
  • News
  • Photos
  • Politics
  • Press Release
  • Science
  • Sports
  • Startup
  • Tech
  • Travel
  • Videos
  • About Us
  • Contact Us
  • Privacy Policy

© 2020 primenownews.com

No Result
View All Result
  • About Prime Now News
  • Contact Us
  • Home 1
  • Privacy Policy

© 2020 primenownews.com

  • Entertainment
    • Movie
    • Music
    • Fashion
    • Back
  • India
  • Sports
  • Lifestyle
  • Tech & Gadgets
  • Business
  • More
    • Health
    • Education
    • Videos
    • Photos
    • Back