Vietnam Rubber Group anticipates natural rubber shortage until 2028
Vietnam Rubber Group (GVR) anticipated a global shortage of natural rubber. The company expected a deficit of nearly 2 million tons by 2028. This situation resulted from reduced prices from Chinese manufacturers and increased transportation costs. Import tariffs from the United States also indirectly impacted the market.
Vietnam Rubber Group (GVR) anticipated a global shortage of natural rubber. The company expected a deficit of nearly 2 million tons by 2028. This situation resulted from reduced prices from Chinese manufacturers and increased transportation costs. Import tariffs from the United States also indirectly impacted the market.
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