MUMBAI: Natural rubber production in December jumped 12 per cent from a year ago to 65,000 tonnes, the state-run Rubber Board said in a statement on Monday, as higher prices prompted farmers to raise tapping.
India imports natural rubber mainly from Thailand, Indonesia, Vietnam and Malaysia.
The country’s consumption stood at 85,000 tonnes in the month, slightly down from 85,250 tonnes a year ago, as the government’s move to scrap high value currency notes hit demand.
Natural rubber imports in the month plunged 46.3 percent to 24,462 tonnes due to a rally in overseas prices that discouraged importers, it said.
India imports natural rubber mainly from Thailand, Indonesia, Vietnam and Malaysia.
On Monday, prices of natural rubber in India jumped to a three-year high on thin supplies and tracking gains in overseas markets due to supply disruptions in top producer Thailand, dealers said.
