India\\\'s natural rubber imports jump 19pc

FE Team | Published: December 19, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

Rubber sheets are being processed in a factory in Bhogobanpara village in Western Tripura state, India. Reports state that Tripura state closely follows Kerala state in rubber production and is credited to be the India\'s second largest producer of rubber

MUMBAI, Dec 18 (Reuters): India's natural rubber imports in November jumped 19 per cent to 33,156 tonnes from a year earlier, the state-run Rubber Board said, as a drop in local output and lower prices in the world market prompted tyre makers to increase overseas purchases.
The country's production in the month fell by a quarter on year to 64,000 tonnes as some farmers skipped tapping after prices fell to their lowest level in five years.
India's natural rubber consumption in the month rose nearly 12 per cent on year to 85,000 tonnes, the Board said in a statement on Wednesday.
"Even in coming months we will see higher imports. Tyre companies have already signed import deals for shipments in next few months due to lower price in Thailand and Indonesia," said George Valy, president of the Indian Rubber Dealers' Federation.