Vietnam’s rubber output may rise 1.5 percent to 995,000 tonnes in 2014,after climbing 14 percent to 980,000 tonnes in 2013, beating Malaysia tobecome the third largest grower, according to a recent report by theRubber Economist Ltd.
In Thailand , the topsupplier, output is set to advance 4.2 percent to 3.74 million tonnes,while Indonesia may post a 2.1 percent increase to 3.16 milliontonnes, it said.
A global glut of natural rubberwill probably expand in 2014 as production increases at a faster pacethan consumption, according to the report.
The surplusmay climb to 366,000 tonnes from 336,000 tonnes in 2013, said PrachayaJumpasut, managing director of the industry adviser.
Global use may expand 3.1 percent to nearly 11.6 million tonnes in 2014,less than the 4.1 percent growth estimated in September, the reportshowed, adding that production will climb 3.3 percent to over 11.9million tonnes next year in comparison with an earlier estimate of 3percent.
Increases in Vietnam and smaller supplierssuch as Myanmar and Cambodia contributed to the higher forecast,said Prachaya.-VNA
In Thailand , the topsupplier, output is set to advance 4.2 percent to 3.74 million tonnes,while Indonesia may post a 2.1 percent increase to 3.16 milliontonnes, it said.
A global glut of natural rubberwill probably expand in 2014 as production increases at a faster pacethan consumption, according to the report.
The surplusmay climb to 366,000 tonnes from 336,000 tonnes in 2013, said PrachayaJumpasut, managing director of the industry adviser.
Global use may expand 3.1 percent to nearly 11.6 million tonnes in 2014,less than the 4.1 percent growth estimated in September, the reportshowed, adding that production will climb 3.3 percent to over 11.9million tonnes next year in comparison with an earlier estimate of 3percent.
Increases in Vietnam and smaller supplierssuch as Myanmar and Cambodia contributed to the higher forecast,said Prachaya.-VNA
