With Rubber out of reach, Synthetic Rubber consumption hots up

COCHIN (Commodity Online): Any rubber consumer will vouch for Natural Rubber but when the prices gets beyond their purchase limit, they have to either raise their product cost or rely on Synthetic rubber.
This is what India has witnessed in the first quarter of this year as synthetic rubber consumption increased close to 6 per cent.
The trend was visible in the month of January as the consumption of Synthetic Rubber went up to 35,260 tones, a 5 per cent increase compared to last January.
Not only has the rubber prices sky rocketed but even the production declined putting the consumers in big dilemma. According to Rubber Board, the production declined due to various factors, including that of unreasonal rains.

(Source: http://www.commodityonline.com/news/With-Rubber-out-of-reach-Synthetic-Rubber-consumption-hots-up-38654-3-1.html)