Natural Rubber imports to India are expected to increase on the back of declining prices of Natural Rubber in the global market.Natural Rubber imports during the period of April and July this year declined by about 14 percent to 130543 tons when compared to the corresponding period last year.
The decline in imports was on the back of the increase in global prices and higher production in India. Natural Rubber production in India during the period was seen to increase by about 7.5 percent to 201000 tons.
Continuous rain has affected tapping, resulting in a supply crunch in the local market in the last few days. While local prices are hovering around Rs 130 per kg, crumb Rubber prices have dropped below Rs 100 per kg in the international market, which is anticipated to help imports.
Resources: commodityonline.com
The decline in imports was on the back of the increase in global prices and higher production in India. Natural Rubber production in India during the period was seen to increase by about 7.5 percent to 201000 tons.
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| Natural Rubber Imports to India |
Continuous rain has affected tapping, resulting in a supply crunch in the local market in the last few days. While local prices are hovering around Rs 130 per kg, crumb Rubber prices have dropped below Rs 100 per kg in the international market, which is anticipated to help imports.
Resources: commodityonline.com
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