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India emerges 3rd largest consumer of natural rubber

Kottayam, July 27 India has emerged the third largest consumer of natural rubber, overtaking Japan after China and the US, according to the 2008 figures, said Mr Sajen Peter, Chairman of the Rubber Board.

According to a study by the Rubber Research Institute of India (RRII), rubber prices have recorded negative growth of 0.55 per cent between 1980-81 and 2007-08. Yet, farm income rose during the period by 3.13 per cent due to productivity growth of 3.71 per cent.

Natural rubber consumption in India last fiscal increased only 1.2 per cent, reflecting the impact of recessionary tendencies. The previous year had recorded an increase of 5 per cent. However, there have been visible signs of recovery since February 2009. During April-June, consumption increased by 1.9 per cent. Consumption during 2009-10 is projected at 8.81 lakh tonnes, said Mr Peter at the 160th board meeting of the Rubber Board.

Mr Peter referred to the Automotive Tyre Manufacturers Association’s (ATMA) report that truck and bus tyre production had declined 2 per cent over the previous year, while exports fell 20 per cent. However, economic recovery is expected to gather momentum in the second half of the current fiscal, providing impetus to the manufacturing sector. The average price of RSS4 during 2008-09 in the domestic market was Rs 101.12 per kg as compared to Rs 103 .79 per kg reported for RSS3 in the international market.
Courtesy: The Hindu Business Line
Foot note
Rubber prices are in a negative growth of 0.55 per cent between 1980-81 and 2007-08 as per the statement of the Chairman Rubber Board. Rubber cultivation ensures a highest income than other crops. Please comparing the other crops like coconut, arecanut, ginger, coffee etc are in a severe crisis on prices and income. The International prices were higher than Domestic prices on 2008-09 and Import of 81545 Tonnes of Natural Rubber, export of 46926 Tonnes and the MISSING -5496 (missing link) limelight irregularities against farmers.

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