Agri Business

Natural rubber imports surge 27.7% in October

| Updated on: Nov 12, 2014

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.

Published on November 12, 2014

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