Indian natural rubber (NR) production is expected to exceed the anticipated 6.54 lakh tone (LT) during the fiscal 2016-17. The intermittent showers received in most of the rubber growing areas and relative improvement in price of rubber may result in fairly good production in the month of March.
The production in the current fiscal from April 2016 to February 2017 has already reached 6.22 LT, as per data compiled by Indian Rubber Board statistics. This is 17.58 % more than the production during the same period last year, which was 5.29 LT.
Further, the production of NR during the month of February 2017 reported an increase of 54% to 57,000 tonnes as compared to 37,000 tonnes of production in February 2016.