CHENNAI: India is dealing with an acute scarcity of pure rubber with home manufacturing falling wanting demand by round 5.5 lakh tonne.
Based on Shashi Singh, president of the All India Rubber Industries Affiliation (AIRIA), pure rubber manufacturing in India has elevated from 8.4 lakh tonne in 2022-23 to eight.6 lakh tonne in 2023-24. “However there has additionally been a pointy rise in pure rubber consumption which has gone from 13.5 lakh tonne in 2022-23 to 14.2 lakh tonne and so the deficit remains to be 5.5 lakh tonne,” he stated.
India, he added, has at all times been depending on imports as a result of home manufacturing of pure rubber has not saved tempo with demand.”Pure rubber imports face a 25% customs responsibility or Rs 30 per kg whichever is increased however that is only one a part of the difficulty,” stated Singh. The opposite is the supply of pure rubber. “Proper now China is stocking up and Bangladesh, which had develop into a very good supply of pure rubber, is in turmoil,” added.
The speedy result’s a pointy improve within the worth of pure rubber. “The worth is at present at Rs 247 per kg which is the best in 15 years in comparison with Rs 182 per kg as on April 1, 2024. So in 4 months, it has practically doubled,” he stated.
Based on Shashi Singh, president of the All India Rubber Industries Affiliation (AIRIA), pure rubber manufacturing in India has elevated from 8.4 lakh tonne in 2022-23 to eight.6 lakh tonne in 2023-24. “However there has additionally been a pointy rise in pure rubber consumption which has gone from 13.5 lakh tonne in 2022-23 to 14.2 lakh tonne and so the deficit remains to be 5.5 lakh tonne,” he stated.
India, he added, has at all times been depending on imports as a result of home manufacturing of pure rubber has not saved tempo with demand.”Pure rubber imports face a 25% customs responsibility or Rs 30 per kg whichever is increased however that is only one a part of the difficulty,” stated Singh. The opposite is the supply of pure rubber. “Proper now China is stocking up and Bangladesh, which had develop into a very good supply of pure rubber, is in turmoil,” added.
The speedy result’s a pointy improve within the worth of pure rubber. “The worth is at present at Rs 247 per kg which is the best in 15 years in comparison with Rs 182 per kg as on April 1, 2024. So in 4 months, it has practically doubled,” he stated.
