Optimistic Prediction of Rubber Sheet
According to the data of the board of directors, the consumption of NR increased from 11,12210 tons in 2017-18 to 12,11940 tons in 2018-19. However, kn Raghavan, chairman and executive director of rubber India, acknowledged that NR production in the previous fiscal year was lower than expected.
This is due to excessive rainfall and flooding, as well as the high incidence of abnormal leaf disease. Raghavan delivered the president's speech Friday at the 178th rubber committee meeting in cotayam.
The chairman said that a new hybrid clone rrii 429 with high yield, cold tolerance and disease resistance was ready for commercial cultivation in the Northeast States after the completion of the mandatory field trials. According to provisional estimates, natural rubber production in 2018-2019 was 648000 tons, a decrease of 6.6% over the previous fiscal year.
The current fiscal year's NR production is expected to be 750000 tons. Considering that the developable area has increased from 640000 hectares in 2018-19 to 665000 hectares in 2019-2020, the rubber sheet is taking measures to boost the rubber production and continues Raghavan's RPIS (rubber production incentive plan) in Kerala in 2019-2020.
NR imports increased by 24% between 2018 and 2019. About 70% of them are through tax payment channels and 81% are in the form of block rubber. The shortage of domestic market and the difference of plate price are the two reasons for the high level of commodity import.
During the current financial period, 582381 tons of natural rubber were imported. The optimistic forecast for rubber sheet is that the import volume will be reduced to 500000 tons in the next fiscal year.
