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India: Natural rubber production up 15% in October, 11% in April-October

Natural rubber production increased 15 per cent to 60,000 tonnes in October and the consumption grew 4 per cent to 86,000 tonnes, according to Rubber Board data.

India: Natural rubber production up 15% in October, 11% in April-October

Imports of natural rubber went up 3 per cent to 44,520 tonnes in October from 43,276 tonnes in the same month last year while exports rose marginally to 125 tonnes from 113 tonnes during the period under review. (Reuters)

Natural rubber production increased 15 per cent to 60,000 tonnes in October and the consumption grew 4 per cent to 86,000 tonnes, according to Rubber Board data.

Production and consumption stood at 52,000 tonnes and 82,650 tonnes, respectively, in the year-ago month.

Imports of natural rubber went up 3 per cent to 44,520 tonnes in October from 43,276 tonnes in the same month last year while exports rose marginally to 125 tonnes from 113 tonnes during the period under review.

During April-October period of the 2016-17 financial year, production increased nearly 11 per cent to 3,65,000 tonnes from 3,29,000 tonnes in the corresponding period of the previous year, the data showed.

The consumption of natural rubber rose 5 per cent to 6,04,930 tonnes in the first seven months of this fiscal from 5,73,910 tonnes in the year-ago period.

Natural rubber imports increased to 2,94,937 tonnes during April-October period of this fiscal from 2,78,163 tonnes in the year-ago period. Exports increased to 650 tonnes from 346 tonnes during the period under review.

The stock at the end of October was 2.6 lakh tonnes.

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