March 29, 2017 / 8:14 AM / 6 months ago

India's February rubber imports halve, output jumps 54 percent - Board

A worker dismantles a worn-out rubber tyre for recycling at a workshop in Srinagar August 19, 2011. REUTERS/Danish Ismail/Files

MUMBAI (Reuters) - India’s natural rubber imports in February halved from a year ago to 15,609 tonnes, the state-run Rubber Board said on Wednesday, as a rally in overseas prices prompted tyre makers to increase purchases from the local market.

The country’s production jumped 54 percent last month to 57,000 tonnes, the Board said in a statement.

Consumption eased to 83,000 tonnes in February from 84,320 tonnes a year ago, it said.

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

Reporting by Rajendra Jadhav; Editing by Subhranshu Sahu

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