Free Demo Request

August Natural Rubber Imports Rise 15 Per Cent M by M: Board Official

Date 10-September-2014
Subject August Natural Rubber Imports Rise 15 Per Cent M by M: Board Official

India's natural rubber imports in August rose 15 per cent from a month ago to 42,499 tonnes as a drop in global prices prompted tyre makers to raise overseas purchases to meet rising local demand, said an official at the state-run Rubber Board.

The south Asian country mainly imports natural rubber from Indonesia, Thailand, Vietnam and Malaysia.India's imports in the first five months of the financial year that started on April 1 stood at 176,288 tonnes, up 37 percent from a year ago, the official said on Monday.

A revival in India's auto industry could lift imports of natural rubber for making tyres by a quarter this fiscal year, which would take inbound shipments to a record and may provide some support for global prices languishing at multi-year lows.

Source : economictimes.indiatimes.com

High-volume of Loyal
and Trusted Customers!

We feel pride in offering our customers the wide range of products of the top leading brands of the world.

BCG Binani
Godrej
Induslnd Bank
Indian Oil
ITC Limited
Jindal Steel Power
Milton
Paharpur
Philips
Reliance
TATA Chemicals Limited
The Times of India
Wipro
Yamaha
Dalmia Bharat Cement
JCB
Pernod Ricard