Rains affect rubber output

Rains affect rubber output

Mumbai: India is likely to produce less than 85,000 tonnes of natural rubber in October, down 10.5% from earlier estimate as heavy unseasonal rains adversely affected tapping, industry and government officials said.

The world’s fourth biggest producer of natural rubber was expected to produce 95,000 tonnes, according to Association of Natural Rubber Producing Countries (ANRPC) estimate.

“Production would be around 85,000 tonnes. Kerala got heavy rains this month," said Ibrahim Jalal, treasurer of The Indian Rubber Dealers Federation.

Kerala, which accounts for 90% of India’s output, received 65% higher than normal rains so far in October, adversely affecting tapping.

“Yes, production is likely to be lower than earlier estimate," confirmed an official at Rubber Board.