The current headwinds in the domestic market notwithstanding, natural rubber (NR) production in the country for 2022-23 is provisionally estimated to grow by 8.3% to reach 8,39,000 tonnes from 7,75,000 tonnes recorded in the previous year.
According to a report on the current domestic status of the material, presented by M. Vasanthagesan, executive director of the Rubber Board, in connection with the 184th meeting of the board on Tuesday, consumption of the material for 2022-23 is provisionally estimated to reach 13,50,000 tonnes, with a growth rate of 9%. The total volume of NR consumed last year was 12,38,000 tonnes.
As per the data published by the Directorate General of Commercial Intelligence and Statistics, Kolkata, the total import of natural rubber during 2022-23 was 5,28,677 tonnes as against 5,46,369 tonnes during 2021-22. The country exported 3,700 tonnes of NR during 2022-23 compared to 3,560 tonnes during 2021-22.
