India’s natural rubber output decline in May, falling 10.2% on-year to 53,000 tn, Rubber Board data showed. Production had fallen 3.8% on-year in April.
India’s imports of natural rubber surged 64.3% on-year to 34,419 tn in May, and 30% higher than imports that took place in April. Exports fell considerably by 94.1% on-year to 11 tn in May.
Rubber inventories were at 205,000 tn at May-end, down from 235,000 tn a year ago.India’s rubber consumption in May was 83,500 tn, higher than 81,500 tn in April and 81,325 tn a year ago.
Source: Cogencis
