Chennai, April 24
The country exported 70,000 tonnes of natural rubber without any subsidy during 2005-06, said Mr Sajen Peter, Chairman, Rubber Board.
In a press note issued here, he said according to the available statistics, 69,446 tonnes of natural rubber had been exported from the country under different grades.
It was earlier estimated that 55,000 tonnes each would be exported and imported. But only less than 50,000 tonnes could be imported, while the exports accounted for 70,000 tonnes. This proves that Indian rubber has been recognised by the international market.
The country received foreign exchange to the tune of Rs 430 crore, the Chairman said. The production during 2005-06 was 8,03,230 tonnes and the consumption 8,01,385 tonnes. With an increase of 3.5 per cent in production and 5 per cent improvement in consumption, it is expected that the consumption would exceed production.