HAIKOU, China, Dec 19 (Bernama-AsiaNet) —Overall supply of the natural rubber is expected to be tight in the first quarter of 2020, which will likely lead to the continuous rising of rubber prices, according to an annual report on the Xinhua-HSF natural rubber series price indexes (2018-2019). The report was released jointly by China Economic Information Service (CEIS) of Xinhua News Agency and Haiken Group (HSF) at the 2019 Boao Forum for Entrepreneurs recently held in south China’s Hainan Province.
The report shows that the sufficient supplies of the natural rubber on a global scale will continue in the short term due to the large production capacity. The two enterprises at the forum also released a report on the areca nut industry in 2018-2019. The report shows that without a significant increase in the demand side, the areca nut fruits purchase price is expected to decline in December this year.
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