'Higher global price favours rubber exports'
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The present situation is favourable for the export of natural rubber since global prices rule above domestic prices. The orders received by exporters indicate that the export in the coming months would pull the inventory down to the level of 1,80,000 tonnes by the end of March 2008, a press release issued by the Rubber Board said.
The recent hike in global rubber prices favours exports, which have now attained momentum.
Excessive tapping
Natural rubber production in November and December 2007 was in excess of one lakh tonnes each and the stock at the end of December 2007 moved up to 194,000 tonnes. The production in January 2008 may reach the November - December level owing to the excessive tapping done to accommodate the loss in production and tapping days during the first half of the current fiscal.
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Source : Business Line |
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