Techno Rubber

Machines for rubber processing

Indian natural rubber production fell by 3.4 percent last month
New Delhi, India - Indian natural rubber production fell by 3.4 percent during the last month to 56,000 metric tons, while imports rose by 21 percent to 35,174 tonnes. Production stood at 58,000 metric tons and imports at 29,141 metric tons in January, according to the Rubber Board data. Natural rubber consumption declined to 82,000 metric tons in January 2016 from 83,850 metric tons in the same month last year. In the first 10 months of the current financial year 2015-16, natural rubber production fell by nearly 13 percent to 4,96,000 metric tons as against 5,68,000 metric tons in the corresponding period of the previous year. Consumption also fell by 3 percent to 8,21,910 metric tons in the April-January period of this fiscal from 8,48,535 metric tons in the year-ago period. Imports also declined to 3,65,805 metric tons in the first 10 months of this fiscal from 3,80,175 metric tons in the corresponding period of the previous year. Last month, the government allowed import through only two sea ports of Chennai and Nhava Sheva in order to curb inbound shipments. "Import of natural rubber of all varieties/forms ... is allowed only through sea ports of Chennai and Nhava Sheva (Jawaharlal Nehru Port)," the Directorate General of Foreign Trade (DGFT) had said in a notification. Domestic producers have been raising concerns over rising