22 April 2010 – India’s natural rubber (NR) production is likely to rise 8.45% to 901,680 tonnes in the current fiscal year 2010-11 compared with 831,400 tonnes for the fiscal year 2009-10, according to a projection by the Rubber Board of India.
If this projection materialized, this will be the first time that the natural rubber production of the fourth largest producer in the world, after Thailand, Indonesia and Malaysia will cross the 900,000 tonnes mark.
For the fiscal year 2010-11, the additional increase in production will be 70,280 tonnes as compared to a fall of 33,100 tonnes in the fiscal year 2009-10. Total production for the fiscal year 2008-09 was 864,500 tonnes.
In the case of consumption, a lower growth is projected. Total consumption is projected at 986,980 tonnes, an increase of 56,395 tonnes or 6.8% from the fiscal year 2009-10 figure of 930,585 tonnes. Total consumption for the fiscal year 2008-09 was 871,720 tonnes.
Lower domestic supplies due to bad weather and robust demand from tyre makers had forced India to more than double its natural rubber imports the previous year from 78,000 tonnes to more than 170,000 tonnes, which pushed up prices to historic records. Improvement in production this year is likely to bring down imports to pre-2009-10 level.
(irco.biz)
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