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Rubber import drops 7% in FY17

Imports are expected to drop further to 3,20,000 tonnes in FY18

T E Narasimhan  |  Coonoor 

Rubber, rubber exports

Import of natural (NR) fell seven per cent in 2016-17, due to rise in in

Speaking to Business Standard at the sidelines of the 124th Annual Conference of the United Planters Association of Southern (UPASI), N Rajagopal, secretary in-charge of the Board, said import of NR had risen consistently since 2008-09, reaching 458,374 tonnes in 2015-16. In 2016-17, it declined for the first time, by seven per cent to 426,434 tonnes, and was expected to come down to 320,000 tonnes in 2017-18.

The value of import in 2016-17 was Rs 4,521 crore, compared to Rs 4,672 crore, a year ago. Duty-free import accounted for 23 per cent of the total.

Board data show in rose to 691,000 tonnes in 2016-17, from 562,000 tonnes in 2015-16. Consumption was 1,044,075 tonnes in 2016-16, compared to 994,415 tonnes, an increase of five per cent.

Rajagopal expects of 800,000 tonnes in 2017-18, while consumption will be 1,070,000 tonnes. In 2016-17, productivity per kg/ha was 1,563 tonnes, compared to 1,437 tonnes in 2015-16. The share of untapped area dropped to 24 per cent, from 30 per cent in 2015-16. In 2013-14, share of untapped area was eight per cent.

The board is taking measures to increase the untapped area, by adding new regions in new states, said Rajagopal. Recently, the tyre manufacturers’ association visited Tripura, and they are convinced about the quality and supply. The automotive accounts for two-third of NR consumption.

Rajagopal said NR export increased to Rs 220.9 crore in 2016-17, from Rs 8.3 crore in 2015-16.

"We have got potential to annually produce 900,000 tonnes,” said Rajagopal. is currently the sixth largest producer of NR, with five per cent of world It continues to be the second largest consumer of NR, with 8.2 per cent of world consumption.

The value of NR in is estimated to be Rs 9,300 crore annually and turnover of the manufacturing industry around Rs 75,000 crore. Export of is Rs 18,500 crore, including Rs 10,000 crore from the Import of products is Rs 8,640 crore. 

First Published: Fri, September 15 2017. 02:16 IST