Rubber Imports by India Climbing to Record as Supply Shrinks
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Natural rubber imports by India, the world’s third-biggest consumer, will surge to a record this year after monsoon rains cut production and as tiremakers increased purchases because of a decline in global costs.
Shipments will probably climb 38 percent to 300,000 metric tons in the 12 months through March from 217,364 tons a year earlier, said Rajiv Budhraja, director general of the Automotive Tyre Manufacturers Association. Imports jumped 53 percent to 264,576 tons from April to December from a year earlier, according to data from the state-run Rubber Board.