Natural rubber production marginally up in Dec

"Production of natural rubber for the month of December 2010 increased by 0.6 percent to 101,500 lakh tonnes compared to 100,850 tonnes in the work of December 2009," the Board said in a statement.

India's natural rubber production has grown marginally in December 2010, to 1.01 lakh tonnes, according to the Rubber Board of India.   

The cumulative production of natural rubber, chiefly used for making automotive tyres, in the work of the first nine months of current fiscal (April-December) grew by 2.4 percent to 6.4 lakh tonnes as compared to 6.3 lakh tonnes in the work of the corresponding period of the previous year.

The increase in production was due to favourable weather conditions in the work of the month of December 2010, it added.

The consumption of natural rubber in December last year declined by 1.3 percent to 77,500 tonnes as compared to 78,500 tonnes in the similar period previous year.

The aggregate consumption of the commodity in the work of the first nine months of the current fiscal grew to 7.06 lakh tonnes as compared to 6.9 lakh tonnes in the similar period, an year ago.

The natural rubber prices in the domestic market touched a record of Rs 207 per kg on the concerns about the disruption in production due to adverse weather conditions coupled with increasing demand from the automotive tyre makers.

(Source: http://www.business-standard.com/india/news/natural-rubber-production-marginallyin-dec/120906/&tp=on)