Last Updated : 27 September 2011 at 11:45 IST
Natural rubber shortage to touch 100,000 tons in FY12
The shortage of Natural rubber to hit the Indian rubber industry badly this year, according to Vinod Simon, president, All India Rubber Industries Association (AIRIA), the Nature rubber shortage is reach 1million tons in FY12.
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KOCHI (Commodity Online): The shortage of Natural rubber to hit the Indian rubber industry badly this year, according to Vinod Simon, president, All India Rubber Industries Association (AIRIA), the Nature rubber shortage is reach 100,000 tons in FY12.
“In India the production and consumption of rubber have been matched but starting from 2010-11, the consumption of rubber has exceeded the production of rubber, while this year, the gap is further widening," Simon was quoted by Business Standard as saying.
According to data provided by the Rubber Board, the production of Natural rubber for 2010-11 was 861,950 tons and consumption was 947,715 tons, showing a gap of 85,000 tons.
Meanwhile, according to Smt. Sheela Thomas, Chairperson, Rubber Board, The natural rubber production has been increasing, the domestic production of natural rubber from April to August 2011 was estimated provisionally as 311,200 tons with a growth of 4.5 per cent over the same period in the previous year.
Consumption of natural rubber from April to August 2011 was 402,215 tons with a growth of 3.5 per cent over the corresponding period in the previous year. The automotive tyre sector recorded a growth of 6.8 per cent in NR consumption whereas the non-tyre sector reported a decline to the extent of 2.6 per cent.
The Production and consumption of natural rubber for the year 2011-12 are projected at 902,000 tons and 977,000 tons respectively. Import and export of NR for 2011-12 are projected at 120,000 tons and 50,000 tons respectively.
The currency fluctuations and other factors had affected natural rubber prices but due to shortage in supply of the commodity, these factors did not have substantial effect on Prices.
Global NR stocks is around 12 lakh tons and stock-consumption ratio is as low as 0.11.
According Sheela Thomas , the Rubber Board has been continuing its efforts to increase the production as well as producing areas.
Meanwhile the demand for the synthetic rubber is rising. The country's synthetic rubber consumption had risen 11% to 36,945 tons in June 2011.
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