Natural rubber production in the country may fall below FY22 target

the latest tech news, global tech news daily, tech news today, startups, usa tech, asia tech, china tech, eu tech, global tech, in-depth electronics reviews, 24h tech news, 24h tech news, top mobile apps, tech news daily, gaming hardware, big tech news, useful technology tips, expert interviews, reporting on the business of technology, venture capital funding, programing language

#Assam, #Auto, #bus, #Business, #cars, #coronavirus, #Covid-19, #demand, #domestic market, #import, #India, #industry, #Karnataka, #Kerala, #Omicron, #rubber, #sale, #shortage, #Tripura, #truck, #tyres

File image of a worker collecting latex from a rubber plantation (Representative Image: REUTERS/Darren Whiteside)

Natural rubber production in India may fall below target in FY22, thanks to a decline in demand in the last few weeks.

the latest tech news, global tech news daily, tech news today, startups, usa tech, asia tech, china tech, eu tech, global tech, in-depth electronics reviews, 24h tech news, 24h tech news, top mobile apps, tech news daily, gaming hardware, big tech news, useful technology tips, expert interviews, reporting on the business of technology, venture capital funding, programing language

“We had targeted a production of 8 lakh tonne this year. It may fall slightly short. But it will be higher than the previous year,’’ said KN Raghavan, executive director of Rubber Board. In 2020-21, rubber production stood at 7.15 lakh tonne, a notch higher than the previous year.

Heavy rains in October-November in Kerala, the chief rubber producer in the country, disrupted the peak tapping season. This had led to a price surge.

Global Tech News Daily

In December and January, production did pick up. However, Omicron hit demand this time. The price of the RSS-4 variety, used in tyre-making, reflects this. After touching Rs 191 per kg, it has now fallen 15 percent to Rs 161.5 per kg.

Tapping hit, but current prices not bad for growers

Global Tech News Daily

George Valy, president of the Indian Rubber Dealers Federation, said lower prices have hit tapping in January.

“Mostly, those who have not installed rain guards are continuing tapping now in Kerala. Overall, in the county, production in the year is higher because of increasing output in north-eastern states, like Assam and Tripura, and in Karnataka,’’ he said.

“However, cold weather has affected production even in the north-eastern states now. In Kerala, the tapping season is likely to continue until February. Even the current price is not bad for growers,’’ Raghavan said.

The Kerala government had raised the subsidy for small rubber growers from Rs 150 per kg to Rs 170 per kg last year.

Total consumption not to be affected

Total consumption for the year is likely to remain high. During the initial months of FY22, consumption had picked up, with the recovery in the automobile market. Hence, despite the present fall, Raghavan expects consumption to touch 12 lakh tonnes, compared to 10.96 lakh tonnes last year.

Tyre manufacturers were buying more from the domestic market to bridge the gap as imports were hit by logistics problems and freight hike.

Tyre makers now reluctant to buy from domestic rubber market

The difference between international and domestic prices have now narrowed down from Rs 30-40 per kg last year to just over Rs 15 per kg now. This will make the landed cost of import higher. The international price of the tyre grade variety, RSS-3, is now Rs 146 per kg. Even the import of block rubber in the global market, at Rs 132 per kg, will be unprofitable after paying import duty.

However, as automobile sales have turned sluggish from December 2021, tyre makers are soft-pedaling rubber purchases from the local market.

“Demand has slowed down in the farm and two-wheeler segments, which have large consumption. The original equipment (OE) segment in passenger cars is down while diesel price hike and the pandemic have affected the OEs of truck and bus tyres, which were just picking up. However, replacement of car, truck and bus tyres are going well,’’ said Rajiv Budhraja, director general of Automotive Tyre Manufacturers’ Association.

Prices likely to pick up by March

Although the last quarter could be a dampener, overall sales in the tyre market is 4-5 percent higher than the previous year. Since imports continue to be disrupted, he said the companies need to plan ahead and should have a plan B. Natural rubber imports had fallen 10 percent in FY21 from a year earlier at 410,478 tonnes.

Valy expects prices to pick up by March as the end of the tapping season could signal a shortage in the market.  “Demand may increase as the market could be free from the grip of the present COVID-19 wave. The higher cost of imports could force tyre makers to rely more on the domestic market,’’ he said.

News Related

OTHER NEWS

Schoolgirl, 16, kicked in head during savage playground attack caught on video

Police are investigating after a schoolgirl, 16, was beaten up and left with a concussion in a brutal playground attack. Footage of the assault at Whyalla Secondary College, in the ... Read more »

Sisters accidentally marry wrong grooms after lights go out in blackout during wedding

An embarrassing mix-up saw two sisters accidentally marry the wrong groom after a power cut at their ceremony. Unable to tell the brides apart in the dark, the wedding pandit ... Read more »

Sitra: Finnish process on EU legislation lacks in three respects

The Finnish public and civil society have limited opportunities to participate in the EU’s legislative process due, for example, to non-transparent decision-making processes in Finland, highlights a report published by ... Read more »

Study: Fifth of Finnish suicide victims had appointment on day of suicide

A view into an examination room through an ajar door. Finnish Institute for Health and Welfare’s (THL) analysis of over 2,400 suicides that occurred between 2016 and 2018 shows that ... Read more »

Anti-Mafia prosecutor shot dead on honeymoon the same day couple revealed pregnancy

A Paraguayan prosecutor known for his work in fighting organized crime, was killed on the Colombian tourism island of Baru, the same day as he and his wife announced she ... Read more »

Xavi confirms Ronald Araujo is "out of danger" after Barcelona star rushed to hospital

Xavi Hernandez has confirmed that Ronald Araujo is conscious in hospital after being taken off the pitch in an ambulance during Barcelona's 3-1 victory over Celta Vigo. The 23-year-old was ... Read more »

Thomas Tuchel does not care if Chelsea players hate him after ruining their day off

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Jurgen Klopp details his chat with Sadio Mane after Liverpool win against Aston Villa

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Sadio Mane makes feelings crystal clear as Liverpool star linked with Bayern Munich

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Liverpool's high-risk strategy pays off to put pressure back on Man City in title race

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Frank Lampard claims Everton survival is bigger than any Premier League title at Chelsea

Frank Lampard believes the stakes are far higher in Everton’s desperate relegation battle, than for any of his title triumphs. The Everton boss admits openly that there have been a ... Read more »

Frank Lampard says keeping Everton up would be ‘bigger’ than winning Premier League title with Chelsea

Back-to-back wins have lifted the Toffees out of the bottom three but Lampard insists his side is not out of danger yet Read more »

Philippe Coutinho's agent has already revealed his thoughts on Liverpool transfer return

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Araujo taken in ambulance after sickening clash of heads with Barcelona teammate Gavi

Barcelona defender Ronald Araujo was taken off the pitch in an ambulance during their match against Celta Vigo and rushed to hospital. The Uruguayan was involved in a sickening clash ... Read more »

Aston Villa vs Liverpool: Report and player ratings Sadio Mane gives Reds a Premier League title boost

A much-changed Liverpool side came from behind to win at Villa Park to keep the pressure on league leaders Manchester City Read more »

Liverpool vindicated Jurgen Klopp’s risky rotation policy by doing just enough to beat wasteful Aston Villa

Klopp demoted Mo Salah to the bench and Andy Robertson from the squad but Liverpool had enough to reserve to bounce back from Saturday’s disappointment Read more »

Gary Lineker offers solution to Coleen Rooney and Rebekah Vardy 'Wagatha Christie' case

Gary Lineker has offered a funny solution to the “Wagatha Christie” court case between Coleen Rooney and Rebekah Vardy. Coleen is being sued by Rebekah for libel at the High ... Read more »

FIFA chief Gianni Infantino announces plans to create football game to rival EA Sports

FIFA are planning to create their own football video game after it was announced their three-decade partnership with EA Sports is coming to an end. EA Sports have confirmed FIFA ... Read more »

Fabinho injury: Liverpool midfielder suffers suspected hamstring issue ahead of FA Cup final against Chelsea

The Brazilian pulled up as he sprinted after Philippe Coutinho and had to be replaced by Jordan Henderson at Villa Park Read more »

Family amazed by discovery of hidden war bunker under their home while digging garden

A family has made an incredible discovery while digging in their back garden dating back to the 1860s. Christy Kallemeier-Keene, who lives in New Madrid in Missouri, US, shared photos ... Read more »

Man Utd youth coach assesses club's "exciting" kids and his own rise ahead of cup final

Justin Cochrane started his coaching career while a teenage player at QPR when he placed an advert in his local paper for juniors to teach. It didn’t make big news ... Read more »

One year on from football's social media blackout - what's changed?

More than one year on from the social media boycott aimed at tackling discrimination and vile abuse online has anything really changed? You'll remember that at the end of April ... Read more »

European transfer news: Real Madrid up stakes for Kylian Mbappe plus Casemiro exit

Real Madrid have long been linked with Paris Saint-Germain striker Kylian Mbappe and despite speculation the France star is set to sign a new contract with the Ligue 1 giants ... Read more »

Sadio Mane's 'childhood dream' comes to light as Liverpool star linked with summer exit

Sadio Mane 's dream destination has come to light amid links of a summer transfer to Bayern Munich. The Liverpool star is yet to sign a new contract with the ... Read more »

Jadon Sancho's Erling Haaland plea falls on deaf ears as he ignores Man Utd star's wishes

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Edu 'steps up' Arsenal transfer efforts for £17m Scotland star to replace Nuno Tavares

Arsenal have reportedly stepped up their attempts to sign Scotland star Aaron Hickey as a replacement for Nuno Tavares. After laying out the Gunners' transfer plans, technical director Edu is ... Read more »

Newcastle prepare summer transfer cull with as many as 10 stars 'facing axe'

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

5 Man City casualties from Erling Haaland transfer including brand new signing

The sight of Erling Haaland arriving at Manchester City will send tremors of terror throughout the Premier League – and perhaps to his team-mates as well – as the champions ... Read more »

Chelsea ace Antonio Rudiger signs Real Madrid contract with huge release clause

Chelsea defender Antonio Rudiger has now penned a bumper pre-contract agreement with Real Madrid to bring his five-year stint at Stamford Bridge to an end, according to a new report. ... Read more »

Ole Gunnar Solskjaer was spot on about Erling Haaland after revealing thoughts on Man Utd

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Fifth senior Man Utd figure leaves club as chief strategy officer exits in reshuffle

Manchester United have told their employees chief strategy officer Hemen Tseayo is stepping down from his position. A new era began at Old Trafford in February when Richard Arnold became ... Read more »

7 flops who cost more than Erling Haaland after bargain Man City transfer announced

The capture of Erling Haaland has sent pulses racing amongst Manchester City fans as the Premier League prepares to welcome the Norwegian hot-shot. The champions have agreed a £51million deal ... Read more »

Arsenal desperate to prevent Eddie Nketiah exit with six Premier League rivals keen

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Pep Guardiola reacts to uproar over Liverpool comments after Jurgen Klopp response

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Brighton starlet attracting transfer attention days after returning from loan

Highly-rated Brighton goalkeeper Carl Rushworth is back training with the Premier League club after his loan at Walsall ended. Rushworth made 43 appearances for Walsall keeping 11 clean sheets for ... Read more »

Lazio president responds to Man Utd's transfer 'interest' in Sergej Milinkovic-Savic

Lazio president Claudio Lotito insists Sergej Milinkovic-Savic is not for sale amid rumours linking him with both Juventus and Manchester United. The Serbia international, 27, has impressed for Lazio this ... Read more »

Cristiano Ronaldo's seven-year prediction on £30m Arsenal transfer speaks volumes

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Gary Lineker hits out at Patrice Evra for talking "utter nonsense" about Pep Guardiola

Gary Lineker has responded to Patrice Evra's claim that Pep Guardiola doesn't want any leaders at Manchester City due to his management. The former Manchester United defender believes the Spaniard ... Read more »

Stats show Antonio Conte justified in hitting back at Jurgen Klopp's Liverpool 'excuses'

jQuery(function(){ if (typeof jwplayer_load == typeof indefined) { var jwplayer_load = 1; jQuery(window).load(function(){ jQuery(".sc_video_shortcode_jwplayer").each(function(){ var _this = $(this); jQuery.get(jQuery(this).attr("url"), function(data, status){ if (typeof data.split("\n") !== typeof undefined) { var src ... Read more »

Borussia Dortmund immediately name Erling Haaland replacement amid failed Man Utd attempt

Borussia Dortmund have already replaced Erling Haaland by snapping up RB Salzburg hotshot Karim Adeyemi – despite Manchester United's late attempt to hijack the deal. Dortmund have been braced for ... Read more »