India's rubber imports to increase: expert
PTI Indian tyre manufacturers are actively seeking the supply of natural rubber from South-East Asian producers due to a slowdown in domestic production and increase in demand, industry officials said on Monday.India’s rubber industry is also expected to do hedging and risk management on Singapore Commodity Exchange (SICOM), prices set by which are used as a benchmark for rubber export from South East Asia.“More Indian tyre manufacturers and rubber consumers have been reaching out to South-East Asian rubber producers to secure supply,” said Tan Tee Yong, Director for Rubber Commodities at Singapore Exchange (SGX), the parent group of SICOM.He noted that Indian rubber-linked companies have set up offices in the midst of Singapore's global rubber trading hub, led by major producers.“The supply gap ...
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, ...
Imports of natural rubber plunged by 11.7% in February
The natural rubber imports scenario is not active as it dipped by 11.7%in Februaryto 27,280 tonnesfrom a year ago The Dollar Business Bureau In February, the import of natural rubber fell by 11.7% to 27,280 tonnes The situation of natural rubber imports is sluggish, which plunged by 11.7% in February to 27,280 tonnes from a year ago and India imports rubber mainly from Indonesia, Vietnam and Thailand. The rubber production is down as consumption levels remained moderate during the month. The sector of natural rubber is going through a tough stage of very low prices, which will have serious implications for the future of the entire rubber industry value chain, the Rubber Board said in a statement. However, continued production of natural rubber is ...
