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The growing trend in production of NR continues - A. Ajith Kumar
Kottayam 10 October 2017
The growing trend in production of natural rubber (NR) continued with 5.7% growth during April–August 2017 as compared to the corresponding period last year, said Sri. A. Ajith Kumar, Chairman and Executive Director, Rubber Board. He was delivering the presidential address in the 175th meeting of the Rubber Board held at Kottayam today. Production of NR during the period from 2016 April - August was 245,000 tonnes. This has been increased to 259,000 tonnes during the corresponding period in 2017. The projected production in 2017-18 is 800,000 tonne, recording a growth of 16% over last year. Import of NR had been consistently increasing from 2008-09 reaching 458,374 tonne in 2015-16. However, in 2016-17, import of NR had declined for the first time by 7% to 426,188 tonne. Import of NR further declined by 11.6% during April–August 2017 as compared to the corresponding period last year and 66% of the import was through duty paid channel. Import of NR is projected at 320,000 tonnes in 2017-18. NR consumption during the same period increased from 433930 tonnes to 441,380 tonnes, with a slight increase of 1.7 per cent. NR consumption is projected at 1.07 million tonnes in 2017-18. Export of NR during April-August 2017 was 4,152 tonnes. Stock of NR at the end of August 2017 was 232,000 tonnes, said Chairman.
The International Rubber Study Group (IRSG) forecast world production and consumption of NR for 2017 at 12.93 and 12.88 million tonnes respectively. According to them, the world NR production and consumption during the first quarter of 2017 increased by 9.1% and 4.9 % respectively. The Association of Natural Rubber Producing Countries (ANRPC) estimates NR production during the first eight months of 2017 at 8.04 million tonnes and NR consumption at 8.54 million tonnes.
Rubber Board has been continuing its efforts to increase rubber production and productivity and to reduce cost of production. The second phase of RPL project being implemented in Kerala, Tripura, Assam, Tamilnadu and Karnataka is at its final stage and it is proposed to upskill 22,000 labours in the rubber sector under the programme.
After the deliberations, the meeting unanimously elected Adv. S. Jayasooryan as the Vice Chairman of the Rubber Board.