MUMBAI (Reuters): Global natural rubber output in the first quarter fell by a sharper-than-expected 9.5 percent as farmers in Thailand and Malaysia trimmed tapping on a steep drop in prices, promoting an industry body to cut its production forecast for 2012.
The Association of Natural Rubber Producing Countries (ANRPC) revised down its total production estimate in 2012 for member countries to 10.297 million tonnes from 10.42 million tonnes estimated earlier.
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