Natural rubber production steadily climbing

Total production in the current fiscal up to January 2017 is 5,65,000 tonnes whereas it was 4,92,000 tonnes during the same period last year.

Natural rubber production steadily climbing
KOCHI: The increasing trend in rubber production in the country continues and the production of natural rubber (NR) during the month of January 2017 showed an increase of 26.93 per cent as compared to the production during the same period last year, according to Rubber Board.

Increase in production during the period April 2016 - January 2017 as compared to the same period last year is 14.84 per cent. Total production in the current fiscal up to January 2017 is 5,65,000 tonnes whereas it was 4,92,000 tonnes during the same period last year.

If this trend continues, production of NR during the fiscal is expected to reach the anticipated 6.54 lakh tonne, a statement from the board said. Export of NR from the country has also increased owing to relatively high international market price. Export of NR up to 20 February 2017 is 12,000 tonnes.

The steady increase in production of NR can be attributed to improved market price and initiatives taken by the Board at field level, including mass contact programmes to improve production and productivity.

In the first phase about 10,000 persons were trained in rubber tapping and processing. The Ministry of Skill Development and Entrepreneurship has already approved the second phase for training another 22,000 persons in rubber tapping and processing in Kerala, Tripura and Assam.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Agriculture › Natural rubber production steadily climbing
Text Size:AAA
Success
This article has been saved

*

+