India's natural rubber imports may decrease by 25%

India's natural rubber imports may decrease by 25% in the new fiscal year

according to Mumbai news, George valy, chairman of the Indian rubber dealers' Union, said in an interview that India's natural rubber imports in the 2013/2014 fiscal year (April/March) may decrease by 25% compared with the previous fiscal year's 21 clearing 6642 tons of rust, the first decline in five years. The decline in imports was mainly affected by the slowdown in the growth of the automotive industry and the possible rise in import tariffs. India is the fourth largest natural rubber producer in the world

he said: "the gap between rubber demand and supply has decreased. Supply is increasing, affected by the production of new plantations in Northeast States, but consumption is sluggish. The slowdown in the growth of the automotive industry has led to a reduction in the demand for rubber in the tire industry."

the tire manufacturer is the main importer of natural rubber and the largest buyer of domestic supply in India. Manufacturers of rubber gloves, rubber hoses, balloons and toys are also end users. India's annual car sales in fiscal year 2012/2013 (which ended on March 31) fell for the first time in a decade. The growth rate is expected to be weak this year due to high interest rates and fuel prices

the data previously released by the Indian rubber authority showed that as of March 31, the Indian rubber inventory was 266000 tons, higher than 236275 tons in the same period last year

in addition, trade minister Anand Sharma said a few days ago that India has considered raising the import tariff of natural rubber, and the formal notice of raising the import tariff will be announced soon

two industry sources and a government official said in February that India may raise the import tariff of natural rubber by 70% to support the domestic rubber price

the spot rubber price in India has fallen by 18% to 16100 rupees (US $300) per 100 kg this year, but the rubber price is still higher than the price of recycled waste plastics by Malaysian and Thai exporters, which is much cheaper than the price quoted by the rising price of plastic raw materials in recent years

the demand for petroleum products will be further expanded. Note: the reprinted content indicates the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content