Wait...
  1. Home >
  2. Export Import News >
  3. Economy News >
  4. Rubber output shrinks one-third in 10 years >
  5. Rubber output shrinks one-third in 10 years

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Rubber output shrinks one-third in 10 years.


Date: 07-05-2019
Subject: Rubber output shrinks one-third in 10 years
Rubber cultivation is steadily fanning out in the Northeast, but this has failed to check the country’s falling natural rubber (NR) output. From 9 lakh tonne in 2008-2009, the production has shrunk by nearly one-third to 6.42 lakh tonne in 2018-19.

Besides Kerala, Tripura and Assam are the top rubber growers, accounting for 24% of the country’s overall rubber production. But, robust growth in the Northeast has not been enough to uplift the total rubber output. The fall in production is 7.5% in 2019, revealed the Rubber Board’s latest statistics.

The board, however, may draw some solace from this year’s NR output, which was 42,000 tonne more than what the board had forecast for 2018-2019. After the humongous Kerala floods in August 2018, the board had revised its production target of 7 lakh tonne, terming it over-ambitious, and rolled it up to 6 lakh tonne.

“Fortunately, in the December to March season, the tapping had doubled up, whipping up the latex yield by 42,000 tonne,” Sibi Monippilly, general secretary of Indian Rubber Growers Association, told FE. Feeble price realisation had forced growers in Kerala to ease off tapping in the past few years.

Following domestic shortage, tyre firms have been importing NR from Thailand and Malaysia, often at discounts. NR imports in 2019 have ballooned 24% over the imports in the previous year, crossing 5.82 lakh tonne.

“It’s scary that domestic production meets only 52% of the consumption. Policymakers need to sit up and take take cognizance that import dependency on rubber has spiralled by 30% over the last year,” says Rajiv Budhraja, Director General, Automative Tyre Manufacturers Association.

For rubber growers, a thin silver lining in the cloud is that the price of RSS-4, the premium grade, has recovered by `10 per kg in a year, and is about to touch Rs 129 per kg this week.

Source: financialexpress.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 25-08-2020



Date: 09-07-2020
Notification No. 18/2020-Customs (ADD)
Seeks to extend anti-dumping duty on import of Phenol originating in or exported from South Africa, imposed vide Notification No. 32/2015-Customs(ADD) dated 10.07.2015, up to and inclusive of 9th January, 2021.

Date: 08-07-2020
Notification No. 17/2020-Customs (ADD)
Seeks to levy definitive anti-dumping duty on imports of ' Steel and Fibre Glass Measuring tapes and their parts and components ',originating in, or exported from, People's Republic of China for a period of five years, in pursuance of final findings of sunset review investigations issued by DGTR

Date: 06-07-2020
Notification No. 29/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, to increase the rate of duty of customs on imports of Phthalic Anhydride originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement, on recommendation of preliminary findings of Directorate General of Trade Remedies under India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017.

Date: 02-07-2020
Notification No. 55/2020 - Customs (N.T.)
Exchange Rates Notification No.55/2020-Custom (NT) dated 02.07.2020.

Date: 01-07-2020
Notification No. 58/2020 – Central Tax
Seeks to make eighth amendment (2020) to CGST Rules

Date: 30-06-2020
Notification No. 54/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.

Date: 30-06-2020
Circular No.31/2020-Customs
Extension of validity of AEO certification for ease of renewal process (Modification in Circular No. 27/2020 dated 02.06.2020) [Circular No. 31/2020 - Customs dated 30.06.2020].

Date: 30-06-2020
Notification No. 57/2020 – Central Tax
Seeks to amend notification no. 52/2020-Central Tax in order to provide conditional waiver of lat fees for the period from July, 2017 to July, 2020.

Date: 30-06-2020
PUBLIC NOTICE No. 11/2015-2020
Extension of validity of Recognition of Pre-shipment Inspection Agencies (PSIAs



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001