Kottayam, Aug. 8
A total of 28,617 tonnes of rubber was exported during the first three months of the current financial year, said Mr Sajen Peter addressing the 156th meeting of the Rubber Board here. Last year 5,056 tonnes were exported during the same period.
So long as the difference between international and internal price is high, it is possible that the prices might firm up further.
As against 89,696 tonnes stock till 30 June last year it comes to only 64,000 tonnes this year.
The ever-increasing demand in China and Japan and the hike in petroleum products would propel the rubber prices in the international market. Rubber consumption continued to firm up in all countries except Malaysia. The global rubber consumption enhanced by 5.2 per cent and reached 87.8 lakh tonnes.