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Natural rubber production in the country rose 3.7 per cent during 2010-11 against the previous year.
Domestic production stood at 8,31,400 tonnes in 2009-10 and 8,61,950 tonnes in 2010-11, the Rubber Board Chairperson, Ms Sheela Thomas, said at the 165th meeting of the Board here on Monday.
She said the anticipated production for 2011-12 was 9,02,000 tonnes. Domestic consumption also increased by 2 per cent in 2010-11.
During 2010-11, growth in tyre production in the automotive sector grew by 23 per cent. Export of tyres also increased by 20 per cent. However, truck and bus tyre exports declined by five per cent.
Ms Sheela said the projected rubber consumption in 2011-12 was 9,77,000 tonnes.
During 2010-11 fiscal, exports stood at 28,424 tonnes compared with 25,090 tonnes in the previous fiscal. Imports accounted for 1,77,482 tonnes, 73 per cent of which was through duty free channels.
The chairperson said there would not be any shortage as the opening stock of rubber in 2011-12 was relatively high at 2,77,095 tonnes against 2,11,290 tonnes in 2010-11.
According to the International Rubber Study Group report, global rubber production-consumption balance in 2010 and 2011 showed deficits of 380,000 tonnes and 234,000 tonnes, respectively.
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