Indian NR imports to fall as car sales shrink

ERJ staff report (BC)

Mumbai, India – Natural rubber imports by India, the world’s third-biggest user, are poised to drop for the first time in five years from a record as declining car sales crimp reduce demand for tire rubber, reports Swansy Afonso of Bloomberg.

Inbound shipments are estimated to drop 17 percent to 180 000 tonnes in the year that started April 1 from an all-time high of 217 364 tonnes a year earlier, Sheela Thomas, chairman of the Rubber Board of India, is reported to…

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