Natural rubber imports in October surged 27.7 percent from a year ago to 36,865 metric tons, the state-run Rubber Board said, as a drop in the production prompted tire makers to increase overseas purchases. The country's production in the month fell 32.6 percent on year to 58,000 metric tons, as some farmers skipped tapping after prices fell to their lowest level in five years. Natural rubber consumption in the month rose nearly 2 percent on year to 83,000 metric tons, the Board said in a statement.

Source: Economic Times