India’s March rubber output jumps 67%

Tuesday, 2 May 2017 00:00 - - {{hitsCtrl.values.hits}}

MUMBAI (Reuters): India’s natural rubber production in March jumped 67% from a year ago to 55,000 tons, the state-run Rubber Board said on Monday, as a rally in prices prompted farmers to raise tapping.

The country’s imports in the month fell 9.5% from a year ago to 25,360 tons, it said in a statement.

India’s rubber production in the 2016/17 fiscal year ended on 31 March rose 23% to 690,000 tons.

The country imports natural rubber mainly from Thailand, Indonesia, Vietnam and Malaysia.