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India’s May natural rubber imports drop 17 pct y/y

MUMBAI, June 11 – India’s natural rubber imports in May fell 17 percent from a year ago to 17,334 tonnes due to lower demand from tyre makers, while production rose 1.7 percent to 59,000 tonnes, the state-run Rubber Board said in a statement on Tuesday.

India’s natural rubber consumption in May fell 3.1 percent to 83,000 tonnes.

India, which is the world’s fourth-biggest producer, imports natural rubber from Malaysia, Thailand and Indonesia.

Source: Reuters

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