UK-based research firm LMC Automotive predicts that global automotive sales will climb 2.4% to 82.7 million this year. The car sales boost can help pull up rubber prices especially for the top Asian rubber producers of Thailand, Indonesia and Malaysia, which account for 67% of global output. Demand for rubber, mostly for tyres, will increase and reduce the surplus by 61% this year, as the three countries continue to stockpile rubber, cut down trees and reduce exports to boost prices.
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