The growth rate of Indias natural rubber production is riding comfortably a notch or two above the growth rate of world rubber production. Indias natural rubber production in April-September rose by 7.6% as compare to the corresponding period in 2009. Global rubber production, according to the latest Association of Natural Rubber Producing Countries (ANRPC) estimates, has increased only by 5.9% in the peak months of 2010, compared to the previous year.
However, natural rubber consumption in the country has also increased by 2%, Rubber Board chairman and ANRPC chairman designate Sajen Peter told FE.
Meanwhile, natural rubber consumption in the non-tyre segment has declined by 1.3% over the previous year, but consumption in the tyre segment continues to grow at 4.1%, compared to that of 2009.
Going by the statistics of International Rubber Study Group (IRSG), as on June 2010, global stock of natural rubber stood at 9.32 lakh tonne. This is certainly not ideal, Peter said. He said the growth in world rubber consumption, compared to the growth in production,too needs closer study, Global natural rubber consumption is rising at 17.8% while the growth in production is only 5.9%.
ANRPC envisages the global production of natural rubber in 2010 to touch 10.25 million tonne. The global consumption in the corresponding period is estimated to be as high as 10.31 million tonne, says Peter.
Rubber-grower countries will have to address this gap of 60,000 tonne in the coming months. Almost all 11 countries in ANRPC are dogged by the issue of labour shortage in rubber plantations.