Rubber industry battles drop in demand as lockdowns hit orders
Industry in ‘crisis’ as orders from tyremakers such as Bridgestone dwindle
02 June 2020 - 18:05
Mumbia — Global production of natural rubber is likely to fall by nearly 5% in 2020 as the coronavirus pandemic has depressed demand and put the industry in crisis, the Association of Natural Rubber Producing Countries said on Tuesday.
The association, which at the beginning of 2020 forecast that both production and demand would rise in 2020, now sees output falling — particularly in Indonesia, the world's second largest producer — due to the economic impact of the coronavirus and the hit to the car industry...
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