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India’s natural rubber production slips to 6.94 lakh tonnes in FY18

24 Jul 2018 Evaluate

The Minister of State for Commerce and Industry C R Chaudhary has said that India’s natural rubber production fell to 6.94 lakh tonnes in 2017-18 from 7.74 lakh tonnes in 2013-14. Besides, natural rubber production forecast for 2017-18 was 800,000 tonnes.

On the other hand, consumption of natural rubber increased from 9.81 lakh tonnes in FY14 to 11.11 lakh tonnes in FY18. Chaudhary also said that natural rubber imports increased from 3.60 lakh tonnes in 2013-14 to 4.69 lakh tonnes in 2017-18.

The production forecast for 2018-19 is 730,000 tonnes which is 70,000 tonnes lower than FY18. The Minister added that these projections are made on the basis of matured rubber area under tapping, productivity and production trend during the near past which are determined mainly by price of rubber.

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