The global shortage of natural rubber is driving a significant increase in rubber prices, creating favourable conditions for the Việt Nam Rubber Group.
The Association of Natural Rubber Producing Countries (ANRPC) has predicted that the global production of natural rubber in 2023 would likely reach 14.927 million tonnes, up 2.3 per cent year-on-year.
The Association of Natural Rubber Producing Countries (ANRPC) has been developing the Sustainable Price Mechanism (SPM) to ensure the sustainability of natural rubber supply chains.
The natural rubber market is anticipated to continue struggling due to plunging prices, according to the Association of Natural Rubber Producing Countries (ANRPC).