India's Cotton production may rise to 29.5 million bales in 2019-20: USDA
Govt slashes corporate tax for domestic companies
USDA pegs India's 2019/20 Soybean crop at 11 MT
MCX announces launch of Kapas February 2020 and April 2020 futures contracts
India's Rice export prices up on firm Rupee
In a bid to meet the domestic demand amid supply crunch, India is mulling to ship more natural rubber from Thailand. The country, reportedly is seeking to import around three lakh tonnes (LT) of natural rubber from Thailand.
According to All India Rubber Industries, Thailand has offered around 3 lakh tonnes of natural rubber to India. The domestic tyre, rubber industry and the Thai authority have started negotiations in this regard, said the trade body.
India’s requires over 10 lakh tonnes of natural rubber to meet its annual demand while the domestic production hovers around 5 lakh tonnes. A high-level delegation from Thailand is expected to visit India soon to talk about the imports.