Indian NR rubber on a high

Natural rubber production in India increased by 4.3% in fiscal 2011-12, according to the Rubber Board, with the growth to continue without much fluctuation.

Production and consumption of NR in 2011-12 was 899,400 tonnes and 966,750 tonnes, respectively. NR consumption in the tyre sector increased by 6.3%, whereas in the non-tyre sector it declined by 5.4%.

According to the Automotive Tyre Manufacturers’ Association (ATMA), tyre production and exports increased by 6% and 24%, respectively, in the April 2011 to February 2012 period. Import and export of NR in 2011-12 was 205,433 tonnes and 27,145 tonnes, respectively.