Rubber Industries In Chennai – A Positive Trend
The Rubber Board projects a rise in natural rubber production at 750,000 in 2019-2020. The production put it at 648,000 tonnes last fiscal. The tappable area has increased from 640,000 hectares to 665,000 ha in 2019-2020. The Rubber consumption in the year 2019-2020 is put at 127,000 tonne supported by the anti-dumping duty on tyre and higher import duty. The consumption has gone up from 111,2210 tonnes in 2017-2018 to 1211,940 tonne in 2018-19 which is good news for the rubber industries in Chennai, India. The emerging demand-supply situation and high oil prices, dollar appreciation, devaluation of currencies and high inventory is pushing natural rubber prices further. The production potential factor is expected to stay unfavorable upto 2021 or further. The new planting and replanting is considerably slow since 2013. In 2012 676,000 hectares were planted in producing countries and the numbers are dwindling settling at 197,000 in 2017. Decline in planting Since 2013 the new plantat