Informist, Friday, May 7, 2021

By Rahul Dhuri and Roshni Devi

MUMBAI – India's production of natural rubber in 2021-22 (Apr-Mar) is seen increasing to 780,000 tn from 715,000 tn in the previous year, an industry source told Informist. The new estimate is also higher than 760,000 tn projected earlier.

The output of natural rubber is expected to be higher as overall tappable area is seen increasing to 716,400 ha in 2021-22 from 692,900 ha a year ago. Weather conditions are also expected to be favourable, which will be conducive for production. 

Preventive measures such as controlling diseases on rubber plantations, promoting self-tapping, and programmes to develop tappers' skills are also seen supporting higher rubber production, the source said.

Another reason India's rubber output is expected to rise is the Kerala government's decision in January to raise the minimum support price of the commodity to 170 rupees per kg starting April from 150 rupees earlier, industry experts said.

Consumption of natural rubber in India is projected to rise to 1.15 mln tn in 2021-22 from 1.09 mln tn a year ago, and 1.10 mln tn forecast earlier, the source said.

As of March, rubber stocks were estimated at 351,547 tn versus 331,091 tn a year ago. End 

Edited by Snigdha Kuttikat

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