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Recently, the International Rubber Research Organization (IRSG) stated in its July edition of the "World Rubber Industry Outlook" that with the strong recovery of the global economy, the total demand for rubber is expected to increase by 7.
IRSG also predicts that global natural rubber demand will rebound by 7.
In addition, IRSG stated that the lower total planting rate will have an impact on the mid-to-long-term natural rubber supply.