Natural rubber output up 6% to 50,000 tonne in June

Natural rubber production rose by 6 percent to 50,000 tonnes during June while imports fell by 4 per cent, according to Rubber Board data.

The production stood at 47,000 tonnes in the same month last year, it said.

Natural rubber consumption during June increased by 7.5 per cent to 87,000 tonnes compared to 80,955 tonnes during June 15, it added.

Imports declined to 37,336 tonnes in June this year from 38,923 tonnes in the year-ago period, while exports rose to 44 tonnes from 6 tonnes.

During April-June quarter of this fiscal, production of natural rubber increased by 2.3 per cent to 1.35 lakh tonnes from 1.32 lakh tonnes in the year-ago period, the data said.

The consumption of natural rubber rose by 5 per cent to 2,55,750 tonnes during the first quarter of this fiscal from 2,43,535 tonnes in the corresponding period of the previous year, the data showed.

Imports fell to 1,07,331 tonnes during April-June quarter of 2016-17 financial year from 1,12,844 tonnes during the year-ago period.

Natural rubber stock at the end of June stood at 2.08 lakh tonnes.

Exports during the first quarter of this fiscal rose to 233 tonnes from just 14 tonnes in the corresponding period last fiscal.