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India Natural Rubber imports fell in May on higher domestic production

07 Jul 2016 Evaluate

India’s Natural Rubber imports fell by 4.1% in May to 35,445 tons compared to the same period last year. The fall in import is due to the rise in natural Rubber production of the country.

Output of natural Rubber in May rose 2.2% to 46,000 tons and consumption jumped 4 percent to 85,000 tons. But in the 2015-16 fiscal year, natural Rubber production of India dropped by 13% to 5.63 lakh tons. India imports natural Rubber mainly from Indonesia, Vietnam and Thailand.

 

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