Colosseum a.s. (Colosseum a.s.)
Commodities  |  December 03, 2010 12:43:28

India there is a huge shortage of rubber

ColosseumVinod Simon of the Association of Indian rubber factory, said today that the deficit in domestic production in the land of rubber by 2015 may grow to nearly 700 000 tonnes from 175 000 tonnes anticipated for the coming year. In 2020, the deficit could overcome the 840 000 tonnes. India is following China's second largest consumer of this commodity in the world. The demand for rubber products in India is growing rapidly. Association anticipates that by 2020 it should happen tamojšej consumption increases to 1.89 million tonnes from the current 930,000 tonnes. An appropriate rubber landscape will be introduced, which will be long-term support for its price. Orchid rubber contract today at the Tokyo Commodity Exchange strengthened to 371.5 yen per kilogram. That is 34 percent higher compared to the beginning of the year.

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