Just as tyre industry is upset over Rubber Board’s move to push natural rubber exports, there has been reaffirmation of goals from the Board’s side. Further, there is no apprehended knockdown in the 50,000-tonne export for the year, Rubber Board chairman Sajan Peter has said.
At one point of production slowdown, the Board had considered rolling up its export target to 46,000 tonne.
Since rubber exporters have their books full of firm contracts up to March 31, the Board will be able to stick to its original target of 50,000 tonne NR exports this fiscal, Peter says. He was speaking in the meeting of rubber exporters in Kottayam, near here.
Since the international price of rubber is running high with Rs 7 to 12 margin, the rate of exports are up. In the current financial, up to February 19, 37,880 tonne was exported. Of this, 18,800 tonne was in December-February months.
Meanwhile, the domestic consuming industry is not happy with the scenario. Consumption is expected to grow by 5%.
Of this, tyre segment is expected to need 6.6% higher rubber stocks. ATMA (Automative Tyre Manufacturers Association) had sought the Centre to encourage domestic consumption against exports.