According to a statement released by Rubber Board, India’s natural rubber production declined by 7.6% to 82,000 tonnes during the month of October 2010, when compared to the same period of previous year which stood at 88,775 tonnes. The decrease in production was due to the excessive rain during the month of October.
The cumulative production of rubber during the first seven months (April-October) of current fiscal grew by 4.5% to 437,400 tonnes.
Disruption of production in Kerala, key rubber growing state, has led to a shortage to tune of 30% which was met through imports.
Natural rubber imports jumped by 81.2% to 18,148 tonnes in October on account of increased demand from tyre manufacturers and disruption in domestic production.
The import of natural rubber during the first seven month (April-October period) of current fiscal grew marginally to 132,724 tonnes against 132,106 tonnes in the comparable period last fiscal.
Natural rubber consumption during October 2010 grew by 4.5% to 81,500 tonnes as against 77,950 tonnes in the same period of last year, on increased demand from the tyre manufacturers.
The aggregate consumption of the natural rubber in the first seven month (April-October period) of current fiscal grew by 3% to 550,550 tonnes against 534,315 tonnes in the comparable period last year.
As on 5th November 2010 the natural rubber (RSS4) has reached a peak of Rs. 200/- per kg at Kottayam - Kerala, India.
Read lotmore in Rubber4U – 15th November 2010 issue
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