North East Monsoon Disrupts Natural Rubber Production in India
The onset of the North East Monsoon has brought heavy rainfall to several agricultural belts in the central Travancore region, significantly impacting natural rubber production. Early morning showers have disrupted tapping activities, particularly in rain-guarded trees, and the excessive rainfall has led to the premature shedding of leaves, affecting latex yield. Despite these challenges, the decrease in domestic rubber production has not led to an increase in prices, as the consuming industry continues to import rubber at lower costs.
Tyre Industry Impact
The reduced domestic supply of natural rubber has not resulted in higher prices, as the tyre industry continues to import rubber at lower costs. This situation poses challenges for domestic rubber producers, who are unable to capitalize on the reduced local supply to increase prices. The tyre industry’s reliance on imported rubber may also affect the competitiveness of domestically produced tyres in the global market.
