@Natural rubber exports from India reach highest levels in last four years(21/04/2560)

21 Apr 2017
107 times

Kochi, India - The Economic Times reports that natural rubber (NR) exports from India registered a big jump during the last fiscal year, with 20,030 tons leaving the country. Exports were only 865 tons in the previous year. After reaching 30,594 tons in 2012-13, the exports had progressively dropped every year owing to the relative low price of NR in the international market. During 2016-17, different types of NR viz. RSS (363 tons), ISNR (6508 tons), latex (13023 tons), and others (136 tons ) were exported to different countries. The majority of shipments were to Germany, Brazil, the US, Italy, Turkey, Belgium, China, Egypt, Netherlands, Malaysia, Pakistan, Sweden, Nepal and the UAE. Branding of NR, initiated by the Rubber Board, helped Indian exporters to claim their market share as the quality assurance helped boost buyers’ confidence. About 65 percent of the NR exported was under the brand ‘Indian Natural Rubber.’ Indian Natural Rubber branding is an export promotion strategy promoted by the board since 2011 with an objective of distinguishing Indian rubber in the international market with its discerning quality features. Concentrated latex constituted 65 percent of the total NR exports. The domestic demand for concentrated latex was declining, but exports helped to stabilize the domestic prices. The board is promoting export as a market intervention strategy to adjust imbalances in the domestic market owing to unscrupulous imports of rubber. Exports during this peak production period of December 2016 to March 2017 helped the domestic market maintain market equilibrium, an official release from the board said. Source: rubber world (20/04/2017)

Rate this item
(0 votes)