Rubber imports drop 4.8% in Jan as demand softens on Feb.28
2019-2-28 20:10:23Editor：AmandaFont Size：Big Medium Small
Natural rubber imports in January eased 4.8 per cent from a year earlier to 39,997 tonnes, the Rubber Board said on Wednesday, as local consumption fell due to weak demand from tyre makers.
The country’s production last month eased 1.4 per cent from a year ago to 72,000 tonnes, while consumption dropped 2.4 per cent to 97,000 tonnes, the board said.
Imports between April to January jumped more than 30 per cent from a year ago to 489,085 tonnes, it said. India imports natural rubber mainly from Thailand, Indonesia, Vietnam and Malaysia.
The benchmark Tokyo Commodity Exchange (TOCOM) rubber contract for August delivery finished ¥1.7 higher at ¥200.8 per kg.Published on February 27, 2019.
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