Natural rubber output up 21% in Aug, exports decline

The Dollar Business Bureau

The natural rubber output in India has increased by 21 percent to reach 58,000 tonnes in the month of August, whereas the imports jumped by 27 percent to 47,540 tonnes, as per the date revealed by Rubber Board. 

During August 2015, the production of natural rubber was 48,000 tonnes whereas imports stood at 37,413 tonnes.

The data also shows that the consumption of natural rubber increased by 6 percent to 87,500 tonnes in the month of August this year against the 82,725 tonnes in the same period a year ago. 

However, exports declined to 28 tonnes during the period under review, as compared to 155 tonnes in the previous year.

During the first five months of the current financial year, natural rubber output increased by 8 percent to 2,45,000 tonnes compared to 2,27,000 tonnes in the same period of the preceding year.

The consumption of natural rubber has also rose by 6 percent to 4,33,090 tonnes during the period of April-August of the current fiscal compared to 4,09,660 tonnes in the corresponding period a year ago. 

The imports of natural rubber increased by 2.05 percent to 1,96,128 tonnes in the first five months of this financial year as against the 1,92,174 tonnes in the same period a year ago. However, the exports rose to 295 tonnes from 208 tonnes in the period under review.