ERJ staff report (BC)
Karachi, Pakistan – India's natural rubber imports jumped 49.3 percent to a record 324,467 tonnes in the year ended 31 March from the year before, the Business Recorder reported from a Reuters source. According to the state-run Rubber Board, excessive monsoon rains hurt production, which fell 7.6 percent to 844,000 tonnes in the year after heavy rainfall disrupted rubber-tapping in top producer Kerala state from July to September.
Consumption of natural rubber is quoted as rising slightly to 977,400 tonnes from 972,705 tonnes the year before. India imports the commodity from Indonesia, Vietnam, Malaysia and Thailand.
Rajiv Budhraja, director-general of the Indian Automotive Tyre Manufacturers Association, told Reuters: "For the last few years rubber production has been largely steady. Even if it rises this year, we will see [only] a marginal rise, say, of around 2 percent."
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