Natural rubber export declines to just 16 tonnes

India’s natural rubber export has slumped to an unprecedented level at just 16 tonnes in June against 9,451 tonnes in the same month last year, as prices in the domestic market far exceeded global rates, according to state-run Rubber Board.

The overseas shipment of natural rubber has also shrunk and the country could export only 834 tonnes of the commodity since April, compared with 16,300 tonnes in the same period last fiscal.

“Domestic prices of the natural variety were ruling far above the international price, prompting large consumers to import more and making export a less profitable option. Lack of demand in the international market,too, dented the export,” a senior board official told PTI.

The wide gap in the domestic and global prices reflected duly in the import of natural rubber, which more than doubled to 15,000 tonnes in June from 6,948 tonnes a year before.

The gap in price is still growing. Natural rubber price stood at Rs 9,850 a quintal at Kottayam yesterday, while the rate of the RSS-3 variety of rubber was ruling at Rs 7,946 a quintal at SICOM in Singapore.

However, the consumption of natural rubber declined marginally to 72,000 tonnes last month from 74,060 tonnes a year before. Production, too, took a knock at 54,500 tonnes, compared with 62,200 tonnes in June 2008.




608119 245953This internet site is normally a walk-through you discover the information it suited you about it and didnt know who want to. Glimpse here, and youll undoubtedly discover it. 854398

680383 450491I undoubtedly enjoyed the method that you explore your experience and perception of the region of interest 727952

866087 720351It is not that I want to duplicate your internet site, but I genuinely like the style. Could you tell me which design are you utilizing? Or was it custom produced? 682496

335901 504212You are the most effective, Its posts like this that keep me coming back and checking this site regularly, thanks for the information! 296840

773031 910185Hi. Cool write-up. Theres a problem with the internet site in chrome, and you might want to check this The browser may be the marketplace chief and a big component of other folks will miss your exceptional writing due to this problem. I like your Post and I am recommend it for a Site Award. 937651

Leave a Reply