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India: Rubber exports slide 59% to 480 tonnes in Oct

NEW DELHI, NOV 5:

Natural rubber exports fell by 59 per cent to 480 tonnes in October this year due to fall in domestic production. Exports of rubber in October last year stood at 1,145 tonnes, according to Rubber Board data.

Total exports of rubber during April-October period in current year has fallen by 54 per cent to 3,975 tonnes against 8,611 tonnes in the same period a year ago.

Production of natural rubber dropped by 7.3 per cent to 83,000 tonnes during October in the current year against 89,500 tonnes in the same period last year.

Similarly, consumption of natural rubber has also come down by 3.57 per cent to 80,500 tonnes in October this year from 83,485 tonnes last year.

Source; The Hindu

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