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Tbe eltultj.on is dj.fferent rr0{o Tns event of, re*.rl B:rbcurcn..nge6 1*it ttii'n;r,-l*t ,tnit';er,'d.a,, 'ia,tfe.d,:t ',p'..trai+uo pr;ottuct f-trex4,,.';,,,,,;;.;l;;f;;*'r{l*i'"';;''o'i"o;';;'@c1G;i.,'Jr;cit;:a;tb.; ti..511151. tii tt.ia slirteJ liin ib, J-.-r*orirr€ tce.,',+iron '*liaii"iffiidtfb -S;";,fil]i$:;}.til,&;.,' ;o'i***o',**tttr, s{1t.'3h6,"' ""*io

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evailebility end. aggreeei'tro sales pronotion']....]'.,:..':'.'.[|.....#.;;i.:'tbenevetop'rbl*h ** ilI]-"ta""-a ;;;;"s inp ae eLi*aticity of su's,etituticnil;;;;in"ii.-ana naturar o.tu*" rli1], rrith tluoe- trecone infinite"i;-il& Hrr eris? onJg 2 aonese-ihe e;nntheti13"d the corp:ti1i"*son6r It was not wrJr-L31g. e€o lbit natural rrrbber T:?jnn"3^:::-^its uaioou urroitiies lr urEu reeletaaoe c'rl.J row hystorioe. Eeceerseli=t[il;*; ;;ti;r;; inleleat tn natura]. mbber' h*?P dutv trucks^aa*,*ee*$3ru1e*-ilb'*#.ninai,ne,iiu.nairyl,.too16.&r€ tbe"neln rputlet' ' , "fer rrar ,,#b;;;iT&t-;&.nr{h 'tia,, netei3ire#tgrj anrtbeti'Er '''" ,' -:,,"a:rbbcr ,fE rtbe-**l!;;l lh* $;{ilsa $s. t'19$;; 'ra .thb ' n9 ',' ' .' 'l,r ,'

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?F:l::*_y:*:_1"3":lqr tD proiuco {;i-: e3i:.o :;ruo,r:rt of outrrutc $o]o 3i-ent?1o,rulYo r'urbber conpotition teo tre;i.l cost th*t hi;i:iot tol: ::i?:::*.* *l:ou:r, cost,__ rlif i.plli e.r LC,re ro esrate a,here*tabcurlp *u-ol:{:l; sere ilre, sm-rLr notarn.;u;r:.3 in;r betisr po*iiiin t.ripti: ::::::.:*1u"]i!ou is pr.orided r,r/ rl:: f. att.rn tublur ccst *ooiaot':_ii:T:.^Te tnctreaee in. erficiene,r ir ;,rr.rdacrrone unellhJl*ore:r"I**Sj_ aeun. t|.s$el , contil:re *e'.nsl',.*j=.i,r*d a,t ;,rieee c*nslderaL:tU',-,,,b:rcir tbe Ed'aiErd,il rsqul.red for 1:rofit,,tla cstazo produation"

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irance and. the li-etherlands are eleo e-rcporters. fhis refi.ecririnceand't,h*...j-i*t.ber.1e&d:..a..c}e$-'.sJor.'t€r"=i.-.''..11.51iE.'6f{bet;e....{i!.$:'.1trend, t*qiqder:ssl! $g Up.,p nt*,in',,eoL i**ires'.*ii'liat'BrcVi ety.,,b-Al'..,,t',e in coi,rritTi cs'iurriab..Brovi.,pty.,,,bid,',.',,,no,.fi*'cl1*.t*,est'f,-or.*. t5*1$,:rutrbae,*rrl etloii;',tl'$inse fgi5 trre'5nit a&,.:i ates..,took,,:o**f :;,t!:,e :'lf*tle' ef'.{iia ,,, n;, ex1agr1er of uynttie tt:a'rubber. frm C;;lll,rdar aJrC l.n L96O sho e.rrlortei 3 tines dlor€ thanryb\r. frm .S, ,9 1960 sho e".rqr.qet651,3"**nt*$:drors't

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A rer}t elgniflcant f,oature of rubtror conausp€lon patternle tbe estent to trhicb, e.vlrtbetlc rubbor ia cli.ilf,ing a stoa{yinareaeing ehare of tbe erpandrnS prar}..ct. of rubtror. It bae bean;;fi;;;;tti*t i" igei, A'ii, "f tlt'r *utu" coasaaption sent tosurathetie rubber uhen it trere only ?Ji; iry 195O" In United Stateeoione eyntbatlc rtrbbor acaounted for tbi" it ilnited, btai;es total

In 196b oroo" eynthotlo :nrbber consurption b}r thesas 1,8 nifion. Ite gfonth rate l*ae abc*t fti per €rrlnrn.rubbcjr]*ltbratemason1y..tp"1l..i'.....'.'...:

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In1963ge],oconsunptioaofa}ltypesofrubbetrwasesttmate{ l; #;; t*i +'li?,oOO tons o-e coropired to 4}73nWo toasi;-i;6r.- ilrt-tne prop*iio"-of natu=al rrr'ober to 'sorld nr.obel T:"q*;;"-;;ii"*i to elos-a dscl.ins over the past yeir'lts' In t1q Unilgaili*!" iiffi*to; ;;il;"r otaa"" ooneunptioa 'iroppod,-fron ?3r!.to 25'pi"-ig6fl*fgg"i reeireotivel.y, Besides, world etock of syntireteo r.rbber;;"-"d;; ;";;;;ffi-;;;;iry. rl'e e;iate',ce or' ex.cees capooitv inffi*tiiu-iliilil;d*-i"y #a tbe eon'nin'-rod €vcl*l'odircti.-oa and'alaunuletian of etosks have been at'fecting taa i'.altLJa$-I\rhbor i'FrGSBoB";;;;; it6t *"4 fgS3 al.tirougn- tnere t'Ls an excess of a:1"**. ?1""""ppiy tn6 edn;

;? ntg1"r yubber **;s n:.t 1""1.:1:*1: l'lrc dlfferencebeing ui:ie up by syatbeti*-otlb*" a:ri rel'}d3e :'ron governnent.;;;;ilil;;.--a;[ ll-iig+ rho lncrc:read.,roir,cricr fro,r ed'nrhetic

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Ib gnlfora sa-,rply of o;'ntlotia rubber is another $aiorlsporta:rt fu*t* vhicb ttff errl-ic,noe the rlsln6 dlnanl f?1 eynthetlo--5:- srn aturogt see tbe contirurod itLiia'i,i.on in tho uss offilli3 *Hi,ff"*;;;";;';#: ;iliilffi i;;-;;;;;"il JiiJ**io""

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:-'...'1{:u'1,:*bc.aistl.1nt}.re"",uu**iricut.;trygorks;retheri:::::--*Y-l"'}li31".f-:11r{*liro*'"'.'iocb,.:13iu;;;";;il;;d:::?:.^^u:r:-11*rt"rr Prical pr'cauctro:: i'".ri s tc crriiri,ci na{"ri,,i1; .}uPprg'9n.r.}It1n$mar]ietisi'eI;tivo1jui",i.-.i3:o'il;ivetoprice,*aLoacee}erat3t1iiled.o,*tri*i.ttrer.ain;;xi|;,'r.n*eollseto"'i-i"'.',;.;*;-l:-:tuo*:15q::1 ?:.-ll,:::,:": riairs ro ar:.e*i or,"1, "i*i,rg ;;i;;-;;trn€. riE;rln.jton ts corrfliaed ia *co;e ttr t,he lii,:its r+t.ap A.r *iree*iatin6 GLp;€it.l'r tbe er,r;.at;tur ;"aJ. u;Li;.lit,y u:' trees pl,,.nied,-6 yi.orsbefore. l'.nt if oari x*'bber ti'esg Hcra;ilanie.l C.ur-j.al: tiro boo,.r irtrioa!y if, tine lhoy **"*r' *"i"*iiJ-ti--r,.i;;.';; -.;;;;;""oiie"i;"T:fi;":{.::'***:.l'f*g'..s.g,*.gI!..tB1}t.tnE7'T!lgp{|]..{e;.0{:'.Pu5.i}.cf..:.gpad:.keV.e.fi;}&:by tba*i Tbts tine-Lag bet$eerr pLi"ntin; -nd m"tislng sf ttecsreaders_q"lca a_rather iir*feaui:te.grride frrr investnrent, wf"ici itn*ifrl *.'i-':ry epeeulaie r,r,ffalrr €si;o(:i.:lly eo ior the estates bec1;;.,€plantrng-neT areisa a+i:ns nrr La.nds h:^se to bc eSet'.red, fls,ed, ea;italanel sqorh.ci d tax to be iasrured uhether pr.od,,retlon rreach,ed a car-tain

&rt rubber consuuption is r$s-)clsive to changes in prlc* of3ubb3r. .V:-r1*tions_ia tha voluno oj consunpt.ion are d.etorrrined ebiefl,yby ohongans i.aveJ. of in'.i.':.strii:1 ;:.ctir{ty..rrJ by the grorrth tre&'isin*ire&11.1-er.a:lti'1rc}jscf,:rbberi:usei:.3e,ca-rs}a,iljuet supply to .;ui.ck sL:-$ile ;n dur:';-a.i ro b;ve inutability. Slsauseof pries inelaeticity of supBly any orif& ln d.eir^aad. rrill rlsult iagreatfluotl)ati.oninirtce.Sincosireha}r,lrgeproportionoftLallaLeyan peopls.la d,epasden'$ 'oa ilubbeaEr ,elrber d:.reetlg,,orr lndirectSg-r,.' ,for tbelr l.lvelihoode aqy ffurctrration in the prioa of rubber rrlll a,ffcoithoir iaco:re; iubbsr tepplng is an unekLlle,l job anC onc6 sorkersare throra o-it oJ job frcrn ritrirer pli.r:,ta,tion it ia.very rmlikofur th.rtthey slll get jobs in otber iadustries,

ae the :nrbber .induetry io the lifeblooct of tl:e acoao;tf. Iiubber rsnainly trrrodircedl for erpmt so fluctu"it,ioa in prioe w1]"1 ae.rl fluctuatios

,in''Eglgr*,,gairr"in.-s* . frg ar'"-er.q,ge pereg:lti.;o',,of,.0icos,,'::xngrt Froc ggg ' ,.,t*aerit.0ro*:g..so,'.lastrc',llrec.e*e.i.g.l47.zj.t'besablo..i.b*}gir.j".11rrstr!the inetablltty of l-atla;r'an r*bbet' i>rir.:r;s ;3cL the cloee rel;.tion ietweon

, *_bP*r_.ffl s-i{rn{t,!bs Sry. {he...f}u,gpu$.Pio ,,'i&,,ex$-ca"*''Jroee'ed*'.ft'sg., ,nr'bber ie the rssrlt of fluet:.ation is r.ibter price, T'be rluantityof rubber changeil very llttlo.

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F,ubber is ti-e nost r^u:et*lrls of r-,1,1. i;rim;ry eonnocl"itleg.traie effeot oi'unetab*1i't'; ia 1,rloe of rtr'i:bur lias mar6r ropurcr.rrssioaeOn tha G0oaoc!.fc j'.4 eeoCcny ei:il orly oi;eri.rte effectively wbea it i;relativelg ir:s f:an elei:..rati of uncert;;inty" I'evelcg,nent p'ro;qaf,i$osh*va ts be ecr.tin;r;.E;X;; a*i '.(ic,=a..tei.f, riiS-n*ei tq aas*re ,a,,,m*deiatg

eubjacted t: flustuitl"=:.1.'iaaning t.ecorree alaoet lrrpossible - lleforencoartigle on Price Flrrctuatica.

.::,e*ul'dl...bE.gst,J,-bJ.i.e.li:sd.ov€rc'uLb.ern:int."'inoC. at i* level-'ollc! re ;i'oir',,lbl-e to ihs prodorcers. TSisepproaclr to tbe problSn !e nc:,'cuti-te3 by the a*iv:l of e.rrrth.--tief*bbae in iba r-.rk+tr i8 L cci:slci.,l Ei;.istit,rte Oi':l+t4ril lut;er.r'-4;r effort ts c.,a'.rcl prlco b;r rc:trictiu;r cf outgut r-cql,L oaly h,aetentbs e'dtob ircr, n*t'lr;l to s;zntletic nrbber.

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