Rubber Imports

Tyre makers see severe crunch in domestic natural rubber availability: ATMA

Automotive Tyre Manufacturers' Association on Wednesday said its members are witnessing a 'severe crunch' in the availability of domestic natural rubber and it may disrupt production unless supply issues of the raw material are addressed. Despite high prices of natural rubber (NR), its availability has shrunk, Automotive Tyre Manufacturers Association (ATMA) said, expressing apprehension that some "sections of natural rubber producing interests or trade are withholding the material in anticipation of an increase in the NR prices worsening the availability". The "tyre industry has been experiencing tightness in domestic availability of natural rubber for some time. However currently a severe crunch is being witnessed despite the fact that NR prices have touched a multi-year high. The paucity of natural price needs to be addressed at the earliest so that tyre production processes are not disrupted," ATMA Director General Rajiv Budhraja said in a statement. The Rubber Board had estimat

Anti-dumping duty likely on rubber imported from China, 3 other countries

Apcotex Industries Ltd has alleged that dumping of the product from these countries are impacting the domestic industry

India starts investigation into rise in Korean synthetic rubber imports

An application has been filed by Reliance Industries Ltd alleging increased imports of 'Polybutadiene Rubber' from Korea causing serious harm to the domestic producer

Govt regulating import of natural rubber to help growers, says minister

The most-active December contract of rubber hit a three-month low of Rs 11,751 per 100 kg on Indian Commodity Exchange

Rubber import drops 7% in FY17

Natural rubber import which consistently increasing from 2008-09, declined by seven per cent in 2016-17 and further expected to reduce in 2017-18. The decline in import was due to increase in production in India.Speaking to Business Standard at the sidelines of UPASI's 124th Annual Conference, N Rajagopal, secretary in-charge, Rubber Board said that NR import consistently increasing from 2008-09 reaching 458,374 tonnes in 2015-16.In 2016-17, NR import declined for the first time by seven per cent to 426,434 tonnes and in 2017-18 it is expected to come down to 320,000 tonnes.Value of import in 2016-17 was Rs 4,521 crore as compared to Rs 4,672 crore, a year ago. Duty free import of NR accounted for 23 per cent of the total.Rubber Board data shows, NR production in India rose to 691,000 in 2016-17 from 562,000 in 2015-16, which was lower compared to 645,000 tonnes in 2015-16. Consumption was 10,44,075 tonnes in 2016-16 as compared to 9,94,415 tonnes, an increase of five per ...