Fall in Natural Rubber Consumption

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India’s natural rubber production has seen a 12-year low in 2014-15, when the prices of the commodity also sunk to the lowest in about five years, making it one of the worst years for rubber producers in recent times.

With the global rubber prices remaining below domestic prices for most part of the year, imports of natural rubber have risen to a new high. Rubber output during the year was 655,000 tonnes, down 15% compared to that in 2013-14, while consumption increased by about 4% to 10,18185 tonnes, according to the Rubber Board.

Rubber imports into the country at 414,606 tonnes, an all-time-high, were up 15% compared to that in the previous year.

 

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