India’s natural rubber production declined by 14 per cent to 4.4 lakh tonne, while imports fell by 7 per cent during the first nine months of this fiscal. Rubber production dropped to 4.4 lakh tonne in April-December period of this fiscal from 5.1 lakh tonne in the corresponding period of the previous year, as per the data of Rubber Board.
The consumption of natural rubber too fell by nearly 3 per cent to 7,43,260 tonne during April-December 2015 from 7,64,685 tonne earlier. Imports dipped to 3,27,288 tonne from 3,51,034 tonne during the period under review.
As per the data, natural rubber production fell to 58,000 tonne during last month from 63,000 tonne in December 2014, while consumption dropped to 84,000 tonne from 85,820 tonne. However, natural rubber imports increased to 37,078 tonne in December 2015 from 34,324 tonne in the same month of previous year. Meanwhile, the government last week allowed import through only two sea ports of Chennai and Nhava Sheva in order to curb inbound shipments.