ERJ staff report (DS)
Kottayam, India -- Rubber Board Chairman Smt. Sheela Thomas has said that the domestic production of natural rubber from April to August 2011 was estimated provisionally as 311,200 tonnes with a growth of 4.5 per cent over the same period in the previous year.
She attributed the increase in NR production to an increase in tapped area, favourable weather conditions and comfortable prices. She was delivering the presidential address in the 166th meeting of the Rubber Board held at Rubber Research Institute of India.
Consumption of NR from April to August 2011 was 402,215 tonnes with a growth of 3.5 per cent over the corresponding period in the previous year. The automotive tyre sector recorded a growth of 6.8 per cent in NR consumption whereas the non-tyre sector reported a decline to the extent of 2.6 per cent. The estimated stock of NR at the end of August 2011 was 268,212 tonnes. Quantity of sheet rubber available for trade was estimated as 110,000 tonnes, she added.
Production and consumption of NR for the year 2011-12 are projected at 902,000 tonnes and 977,000 tonnes respectively. Import and export of NR for 2011-12 are projected at 120,000 tonnes and 50,000 tonnes respectively.
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Press release from Indian Rubbber Board