India's natural rubber production increased by 15.4% during October compared to the previous year. According to Rubber Board, the production volume of the country reached 60,000 tons during the month.
The farmers have increased the tapping due to improvement in prices which lead to the rise in production during the month. Imports of natural rubber went up 3% to 44,520 tons in October from 43,276 tons in the same month last year while exports rose marginally to 125 tons from 113 tons during the period under review.
Consumption of Natural Rubber by India increased 4% to 86,000 tons, as per the Rubber Board. India mainly imports Natural Rubber from Thailand, Vietnam, Indonesia and Malaysia.