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News

November 14, 2019

Global natural rubber output fall may impact import to India.

Rubber Board has projected a 17 per cent drop in import year-on-year to 415,000 tonne for FY20.

By

PK Krishnakumar

, ET Bureau|

Nov 08, 2019, 12.42 PM IST
 

Kochi: Anticipated rise in global prices due to heavy natural rubber output fall in major producing country may curb its import to India.

Declining consumption has already led to nearly 14 per cent drop in NR import to India in the first six months of 2019-20 from the same period last year. Rubber Board has projected a 17 per cent drop in import year-on-year to 415,000 tonne for FY20.

There is a possibility of global rubber prices firming up, which may check the import, encou ..

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