ERJ staff report (DS)
Kottayam, Kerala, India - India's Rubber Board has published production and consumption statistics for the month of May and the first two months of the fiscal year. The data comes in the July edition of its Rubber Statistical News publication.
Production of natural rubber (NR) in India fell 2.8 percent year on year to 58,000 tonnes in May 2012. The first two months of the current fiscal has seen a 5.0 percent year-on-year fall, to 110,700 tonnes from the 116,500 tonnes a year ago.
As regards synthetic rubber (SR), the production rose during May 2012 to 9,398 tonnes from 8,285 tonnes a month ago. However, the first two months of the current fiscal year saw production fall to 17,683 tonnes from 18,730 tonnes a year earlier.
The country consumed 85,690 tonnes of NR during May 2012, up 4.8 percent from 81,750 tonnes consumed in April 2012. In the first two months of the current fiscal, consumption rose 3.7 percent to 167,440 tonnes from 161,495 tonnes a year ago. This growth was mainly driven by the auto-tyre manufacturing sector where the consumption grew 3.9 percent to 111,219 tonnes from 107,035 tonnes a year earlier.
The country's consumption of SR rose during May this year to 38,580 tonnes from 35,150 tonnes a year earlier. The country consumed 73,730 tonnes of SR during the first two months of the current financial year, up 1.5 percent from 72,630 tonnes consumed a year ago.
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Rubber Statistical News (July 2012) from India Rubber Board