The country's natural rubber exports dropped by 67 per cent during April - September. Total exports during the period stood at 16,215 tonnes against 47,721 tonnes in the same period in last year. | |
| The exports target of 70,000 tonnes set by the Rubber Board for the whole year is also looking unachievable due to a bunch of reasons. |
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| Market experts predict that there might be an additional exports of 5000-6000 tonnes in the remaining months of the current financial year. |
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| The non-availability of exportable surplus and the narrow gap between domestic and overseas prices will be the key factors for the negative exports growth. |
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| The on-going rupee appreciation has also hindered the prospect of exports badly. Increase in domestic consumption has also resulted in a drop in overseas shipments. Domestic demand for rubber in April -September stood at 416,800 tonnes, up 3.2 per cent compared with the same period last year. |
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| Production registered a drop of 16 per cent during the period. |
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