The downslide in natural rubber (NR) output continues unabated, as the low price-realisation has been holding back farmers from investing manpower in tapping, monsoon-care and replanting activities in their rubber plantations.
According to the latest statistics from Rubber Board of India, NR production has fallen by 15% in September 2015, compared to last year .
“Production of NR for September 2015 decreased 15% to 51,000 tonnes compared with 60,000 tonnes in September 2014,” Rubber Board said in a statement. The good news, however, is that there is no surge in the NR consumption in the same period. NR consumption fell from 86,280 tonnes to 84,500 tonnes, year-on-year, in September.
Consumption took a dip by 2% to 5,01,535 tonnes in the first six months, from 5,11,565 tonnes in the year-ago period, says the release.
The imports of NR have fallen by 24% to 32,933 tonnes in September 2015. In September 2014, the imports were 43,674 tonnes. In the first six months period in 2015 imports had nosedived to 2,13,184 tonnes, from 2,36,640 tonnes in the corresponding period in 2014.
Surprisingly, there was growth in one segment. Thanks to the relative high price of rubber in Singapore and Bangkok markets, exports of NR from India looked up a tad. From 192 tonnes in April-September 2014, NR exports slightly surged to 208 tonnes in April-September 2015.