Rubber imports jump over 80 per cent in April

MUMBAI: Imports of natural rubber into India jumped more than 80 percent in April as lower prices in international markets prompted tyremakers to increase purchases, the state-run Rubber Board said.

April shipments rose to 26,445 tonnes from 14,396 tonnes in the same period last year, the Rubber Board said in a statement. Production fell 3.8 percent to 51,000 tonnes in April.

Domestic consumption fell to 81,500 tonnes in April from 82,980 tonnes.

India imports the commodity from Indonesia, Vietnam, Malaysia and Thailand.