With the slowing global economic crisis and
increasing consumption of natural rubber by the tyre sector in India, the
rubber futures in Tokyo commodity Exchange and in India’s National Multi
Commodity Exchange rose.
India is expected to produce double the number
of truck, bus radial tyre to 4.8 million tyres in 2012-13 from 2.67 million
tyres in 2011-12 is likely to keep the price of natural rubber higher.
Production and consumption of natural rubber
in 2011-12 were 8,99,400 tonnes and 966,750 tonnes, respectively. Natural
rubber consumption in the tyre sector increased by 6.3%, whereas in the
non-tyre sector it declined by 5.4%. Import and export of NR in 2011-12 were
2,05,433 tonnes and 27,145 tonnes respectively. The carryover stock at the end
of March 2012 was 2,30,000 tonnes.
Production and consumption of natural rubber
in 2012-13 are projected at 9,42,000 tonnes and 1,006,000 tonnes respectively —
a deficit of 64,000 tonnes.
While delivering the keynote address at the
inaugural meeting of the Rubber Board campaign for improving the quality of
sheet rubber, Kaushik Roy, Convener, Raw Material group, Automotive Tyre
Manufacturers Association said that Indian rubber industry has great potential
globally, and the country could be the growth driver especially after the
recession. The ongoing decade will be a game changer for both the rubber
plantation sector and the rubber industry. A commitment is required for quality
in production.
According to Automotive Tyre Manufacturers'
Association, tyre production and exports increased by 6% and 24%, respectively
during April 2011- February 2012 period.
Read
lot more in Rubber4U – 15th May 2012 issue
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