High prices can hstrdly BOOST production

摘要

Natural rubber (NR) prices reached all-time highs in the recent past with TSR 20 at SICOM trading at levels over $5 per kg. In contrast, 10 years ago, prices were at lows of around $0.50 per kg. How has this affected natural rubber supply? This article tries to assess how producer behaviour has evolved in the past in order to draw lessons for forecasting the future. The focus will be on the major producing countries Thailand, Indonesia, Malaysia, India, Vietnam and China. For all countries, national aggregates will be used, except for Indonesia and Malaysia where smallholdings and estates will be distinguished. Annual data will be used.