India's NR Imports Declined by 17% in August

India imported 18,834 tonnes of natural rubber (NR) in August, down 17% from 22,640 tonnes last year. The total NR import to India was mostly consumed by tyre manufacturers. For the April-August period of the current fiscal year, imports declined by nearly 28% to 75,042 tonnes from 103,483 tonnes in the same period of 2009, according to the Indian Rubber Board.

However, India’s NR production in August rose by nearly 12% to 72,500 tonnes, compared with the same month last year on an increase of acreage under rain guarding, a system which prevents rain from interfering with the tapping of rubber trees. In August 2009, India had produced 64,750 tonnes of NR. Consumption in August this year dipped slightly to 79,000 tonnes from 79,750 tonnes a year ago.

(irco.biz)