Indian rubber production will be lower in fiscal 2013-4

ERJ staff report (BC)

New Delhi – Natural rubber (NR) production in India during the current fiscal year (2013-4) is likely to be lower than projected earlier, the Business Standard reports Sheela Thomas, Chairman of the Indian Rubber Board as having said.

The decline in production is attributed to intensive rain and widespread abnormal leaf fall.

However, notes Thomas, an increase in tapped area from 504 000 ha in 2012-3 to 518 000 ha in 2013-4, and a higher moisture content in the soil may increase production in the coming months.

The Board’s projected closing stock of NR in 2013-4 is 270 000 tonnes.

The Board reported domestic production of NR during April-August 2013 at 265 000 tonnes and consumption at 408 805 tonnes. Consumption of NR for the year 2013-4 is projected at 945 000 tonnes. Import and export of NR during April to August 2013 were reported as 128 465 and 2,319 tonnes respectively.

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