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July rubber imports drop 14 pct as output surges: Board
August 22, 2017 / 12:04 PM / 3 months ago

July rubber imports drop 14 pct as output surges: Board

MUMBAI (Reuters) - India’s natural rubber imports in July fell 13.8 percent from a year ago to 35,560 tonnes as domestic output jumped due to favourable weather, the state-run Rubber Board said in a statement on Tuesday.

A man takes a tyre to cut at a tyre recycling unit on the outskirts of Ahmedabad, India, August 11, 2015. REUTERS/Amit Dave/Files

The country’s production rose 11.5 percent in the month to 58,000 tonnes, while consumption nudged up 0.7 percent to 89,000 tonnes, the Board said.

In the first four months of the 2017/18 fiscal year that began April 1, imports fell 12.1 percent from a year ago to 130,543 tonnes, it said.

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

Reporting by Rajendra Jadhav; Editing by Biju Dwarakanath

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