Natural rubber production up 8.4% in Oct bl-premium-article-image

PTI Updated - November 09, 2011 at 02:15 PM.

Natural rubber production rose 8.4 per cent to 89,300 tonnes in October 2011 vis-a-vis the corresponding year-ago period, according to the latest government data.

The country had produced 82,400 tonnes in October 2010.

Consumption, however, declined to 76,000 tonnes in October this year from 81,100 tonnes in the corresponding month of the previous year, according to data released by the Rubber Board.

Natural rubber exports rose to 2,262 tonnes last month from 180 tonnes in the corresponding period last year, while imports fell to 6,862 tonnes from 19,710 tonnes.

During the first seven months of this fiscal, output rose 5 per cent to 4.8 lakh tonnes and the consumption grew marginally to 5.51 lakh tonnes.

Exports jumped more than four-fold to 19,995 tonnes during April-October 2011-12 financial year from 4,738 tonnes in the corresponding period of the previous fiscal, while imports declined to 95,919 tonnes from 1.38 lakh tonnes.

Published on November 9, 2011 08:42