International Rubber Corporation ( IRC ) forecast natural rubber prices may rise amid dry weather reduced production in Southeast Asian rubber – rubber growing areas of the world mainly , while the demand for commodities is rising .

Rubber market began declining trend since May 1/2014 due to concerns about the ability of China’s growth – the country ‘s largest rubber consumer in the world – will slow down .
However, today 6/2 , the price of the futures contract on the rubber in the Tokyo Commodity Exchange ( TOCOM ) has increased by 12 % compared to the lowest level in 18 months because of the speculation that drought will reducing the amount of rubber in the world .

IRC forecast 2014 production of rubber in Thailand , Indonesia and Malaysia could be reduced by 6-8 % due to the winter weather this year ( from February to May ) will be harsh . If El Nino phenomenon occurs , the weather can be more severe and negative impact on output .

Mr. Joel Widenor , director of agricultural services at Commodity Weather Group Corporation , based in Maryland (USA ) , said in the past 90 days , the area in southern Thailand – countries producing and exporting high the world’s largest rubber – is experiencing periods of rain .

Meanwhile , rubber inventories in three rubber -producing countries are the world’s leading low levels . Thailand , Indonesia and Malaysia account for about 70 % of global rubber supply .
On the demand side , demand for rubber may increase due to economic growth in major importing countries .
In the session on 19/3 at TOCOM prices of natural rubber stood at 236 yen / kg ( $ 2,325 / tonne ) . / .