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25. April 2006

INDIA: Rubber exports top 70,000 t

Source: Daily "The Hindu Business Line", New Delhi; 25 Apr 2006

Chennai , April 24
The country exported 70,000 tonnes of natural rubber
without any subsidy during 2005-06 fiscal year, said
Mr Sajen Peter, Chairman, Rubber Board.

In a press note issued here, he said according to the
available statistics, 69,446 tonnes of natural rubber
had been exported from the country under different
grades.

It was earlier estimated that 55,000 tonnes each would
be exported and imported. But only less than 50,000
tonnes could be imported, while the exports accounted
for 70,000 tonnes. This proves that Indian rubber has
been recognised by the international market.

The country received foreign exchange to the tune of
Rs 4300 million, the Chairman said. The production
during 2005-06 was 8,03,230 tonnes and the consumption
8,01,385 tonnes. With an increase of 3.5 per cent in
production and 5 per cent improvement in consumption,
it is expected that the consumption would exceed
production.



(Syed Rashid Ali, Karachi, Pakistan)

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