ISBN: - 978-93-88936-09-5 Std.dev correlation 24499 -0.745 121932 -193861 Source: Rubber Asia, May – June 2015, As it is evident from above table 5.3 that, exports of rubber product from India have been on increased, from 6995 tonnes in 2001-02 to 60353 tonnes in 2007-08 except 2004-05 and 2006-07 were slightly decreased export of rubber sheets. During the study period, from 2001-02 to 2014-15 all the years except 2002-03, 2003-04, 2005-06, 2013-14 and 2014-15, the balance of trade is negative, because of imports exceeds exports. This study also reveals that balance of trade is deficit is -1242982 tonnes of NR sheets. Imports and exports of NR are in fluctuating trend. But, 2009-10 onwards import shows an increasing trend. It signifies that, imports exceeds export, the national economy might be affected. So the government should motivate the production of NR growers through Rubber Board. This is mainly due to the economic policies of our country such as globalization, liberalization and privatization. The above table shows that output of the Mean and Standard Deviation. It is noted from the table that the mean value for the export is 38649, import is 152785.2 and balance of trade deficit is - 95614 tonnes and the standard deviation value are, 24499 and 128597 respectively. Thus, it is concluded that there is no significant relation between import and export. Since the correlation value is -0.745, is a negative correlation.. Natural Rubber Prices After the opening up of the Indian economy in 1990s, India’s domestic rubber market started showing links to the international market. Probable determinants of volatility in natural rubber prices in domestic market are state-administered procurement programs, inconsistent import and export policies and global market trend. Global market natural rubber price rose in anticipation of future supply tightness and shortage of some grades, because Australia forecasted to decline NR production due to serious drought. The prices have reached to Rs.18, 807per quintal as on June, 2012. Demand for Rubber is most evenly distributed over the years but due to absence of production in monsoon, supply shrinkage occurs. By June / July the production becomes normal, but lingering rains last for a couple of months. During rains tapping of rubber trees disrupted and production falls. Resultantly prices would rise at that time, unless there is an acute economic depression or similar negative factors. The following table explains that the Annual average rubber price (Rs. 100 kg) in domestic market from 2001-02 to 2014-15. Table 5.4 Annual Average Rubber Price (Rs. 100 kg) in Domestic Market from 2001-02 to 2014-15. RSS 1 RSS 2 RSS 3 RSS 4 RSS 5 EBC 2X Latex ISNR 20 2001-02 3472 3369 3247 3109 2961 2643 138 4105 2756 Year
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