The calendar year (CY) 2024 saw Indian rubber production going up marginally, consumption making a negligible decline, and imports witnessing a double-digit growth owing to higher domestic NR prices prevailing during most of the year. Analysts said the price rise arrested a possible desertion of plantations by a section of smallholders.
Highlights
• Production up 3.18% YoY and imports up 19.42% in 2024