India's natural rubber imports in October surged 27.7 per cent from a year ago to 36,865 tonnes, the state-run Rubber Board said, as a drop in the production prompted tyre makers to increase overseas purchases.
The country's production in the month fell 32.6 per cent on year to 58,000 tonnes as some farmers skipped tapping after prices fell to their lowest level in five years.
India's natural rubber consumption in the month rose nearly 2 per cent on year to 83,000 tonnes, the Board said in a statement.
The south Asian country imports natural rubber from Thailand, Indonesia, Malaysia and Vietnam.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.