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NR production growth was slow last fiscal - Sheela Thomas

Kottayam
19 April 2013
  
Natural rubber (NR) production in India in 2012-13 is provisionally estimated at 912,200 tonnes, with a slight increase of 0.9% as compared to the 4.8% increase in 2011-12 said Smt. Sheela Thomas, Chairman, Rubber Board. She was delivering the presidential address in the 171st meeting of the Rubber Board held at Guwahati today. During last fiscal, monthly NR production was lower in April and May 2012 and January to March 2013 owing to adverse weather conditions. Consumption of NR in 2012-13 is provisionally estimated at 971,980 tonnes, an increase of 0.8% as compared to 1.8% during 2011-12. NR consumption in tyre sector was flat with a negligible growth of 0.01% whereas in non-tyre sector, NR consumption increased by 2.3%. Monthly NR consumption remained lower than that of previous year from November 2012. Import and export of NR amounted to 216,642 tonnes and 30,353 tonnes respectively during 2012-13. Export of branded “Indian NR” amounted to 17,813 tonne, 59% of the total during 2012-13.

NR Scenario

Production and consumption of NR in 2013-14 are projected at 960,000 tonne and 1020,000 tonne respectively with a deficit of 60,000 tonnes.  However, there will not be any shortage of NR in the domestic market in 2013-14, as the estimated opening stock of NR in April 2013 is 266,000 tonnes and the rubber consuming industry has entitlement to import more than 100,000 tonnes of NR through duty free channels, she informed.   

The world production and consumption of NR in 2012 according to the International Rubber Study Group (IRSG) is 11.38 and 10.92 million tonnes respectively with a surplus of 459,000 tonne. They forecast world production and consumption of NR in 2013 at 11.77 and 11.59 million tonnes respectively with a surplus of 179,000  tonnes. World production of NR grew only by 3.2% in 2012 as compared to the growth of 5.8% in 2011. World stock of NR increased from 1.23 million tonnes in May 2012 to 1.88 million tonnes in December 2012.  But SR consumption which increased by 6.4% in 2011 remained flat in 2012.  World production of tyres grew only by 0.7% in 2012 as compared to 3.8% in 2011.

IRSG estimates that world NR production and consumption in 2014 would be 12.45 and 12.30 million tonnes with a surplus of 150,000 tonnes, said Smt. Sheela Thomas.

   

  
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