India increases rubber production by 8.6 percent in 2024
The Times of India reports that India’s natural rubber (NR) production has grown 8.6% from 7.89 lakh ton in FY21-22 to 8.57 lakh ton in FY23-24 with industry estimating it will hit 8.82 lakh ton in FY24-25.
Shashi Singh, president, All India Rubber Industry Association (AIRIA), said: “By 2030, NR production in India should hit one million ton, but consumption has been growing significantly too. Currently NR consumption in India is 14.16 lakh ton which is estimated to go up by 5% and close at 14.86 lakh ton by end of FY24-25.”
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