Q. With reference to Natural Rubber production, consider the following statements;
1.Kerala accounts for nearly 75% of the total Natural Rubber production in India.
2.At present, increasing Chinese demand results in exorbitant price rise of Natural Rubber in India.
Which of the statements given above is/are correct?
Answer: A
Notes:
Statement 1 is correct: India is currently the world’s fifth largest producer of natural rubber. It is also the second biggest consumer of natural rubber globally. Kerala accounts for nearly 75% of the total Natural Rubber production in India.
Statement 2 is incorrect: After a moderate post-pandemic revival, the price of Natural Rubber(NR) has crashed to a 16-month low of ₹150 per kg in the Indian market. The current fall in prices is attributed primarily to weak Chinese demand and the European energy crisis, along with high inflation and an import glut, among other things
Source: ForumIAS Blog
