India's natural rubber output is likely to jump 14.5% in 2015-16 Fiscal Year to 7,50,000 tonnes, while consumption is expected to rise by 4.1% to a record 1.06 million tonnes.
Rise in production is not sufficient to fulfill domestic demand and tyre makers will maintain imports in 2015-16 as prices are ruling lower in the world market. India is struggling to fulfill rising demand from tyre makers.
Production during 2014-15 fell 15.4% from a year ago. India's natural rubber imports rose 15.6% to a record 416,554 tonnes in FY 2014-15.