NEW DELHI, JUNE 21:India’s natural rubber production increased by almost 6 per cent in May this year to 59,700 tonnes, while consumption rose more than 2 per cent to 81,000 tonnes.
According to Rubber Board data, production and consumption in the year-ago period stood at 56,400 tonnes and 79,150 tonnes, respectively.
However, the demand for natural rubber on a month-on-month basis declined by almost 2 per cent in May to 81,000 tonnes from 82,500 tonnes in April.
Exports increased by almost 18 per cent in May 2011 to 1,742 tonnes from 1,478 tonnes in the same period of the previous year. Likewise, imports increased by 6 per cent to 16,293 tonnes from 15,372 tonnes, the data shows.
Natural rubber stocks rose almost 33 per cent in May this year to 2,49,470 tonnes (1,87,750 tonnes).
Source: http://www.thehindubusinessline.com/industry-and-economy/agri-biz/article2122874.ece
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