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MUMBAI (Reuters): India’s natural rubber production in March jumped 67% from a year ago to 55,000 tons, the state-run Rubber Board said on Monday, as a rally in prices prompted farmers to raise tapping.
The country’s imports in the month fell 9.5% from a year ago to 25,360 tons, it said in a statement.
India’s rubber production in the 2016/17 fiscal year ended on 31 March rose 23% to 690,000 tons.
The country imports natural rubber mainly from Thailand, Indonesia, Vietnam and Malaysia.
