Kerala exports Rs30 mn worth of rubber to Brazilian company

March 13, 2017

rubber-plantsManimalayar Rubbers Private Ltd., a company owned jointly by India’s Rubber Board and the Rubber Producers’ Societies (RPSs), is venturing into rubber exportation with the sales deal it made with by Industria de Artefatos de Borracha, a company based at Sorocaba in Sao Paulo in Brazil.

Manimalayar exported 19 metric tonnes of natural rubber valued at Rs30 million to the South American nation this February.

“The company is making a foray into the export market in accordance with the Rubber Board’s view that export of natural rubber is essential to create positive movements in the domestic market,” said Manimalayar Rubbers managing director B.Rajeevan.

The consignment was exported under the brand name ‘Indian Natural Rubber’ after a quality check by the Rubber Board. Manimalayar Rubbers procured quality sheet rubber from Aimkombu, Neelur, Kurinji, and Elangulam North RPSs in Kottayam.

“It’s a unique initiative by the Board and the RPSs. Though Brazil is the place of origin of rubber, the country now requires it from Asian countries. This is a big opportunity for India,” said Tomy Abraham, president, Indian Rubber Dealers’ Federation.

Tomy said this is the right time for India to explore export markets as international rubber price is currently higher by Rs10-15 per kg compared to domestic prices.

The rise in rubber production continues in the country and the production of natural rubber during January 2017 showed an increase of 26.93% as compared to the same period last year. Export of natural rubber has also increased. As per Rubber Board data, 12,000 tonnes were exported up to February 20, 2017.

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International Rubber Prices
(as of 05, December 2017)

Monthly The prices shown above do not include VAT @4% on purchase and expenses towards packing, transportation, warehousing  and other incidentals


Source: India Rubber Board

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