Concern over fall in rubber prices in Kerala A sharp fall in natural rubber prices is causing concern in Kerala, which accounts for over 80 per cent of the domestic production of the commodity. Farmers, local traders, and political parties hold the steady increase in import of rubber by the industry tapping on low tariff rate as the main factor for the declining prices for the domestic output. According to Jose K. Mani, MP, the Centre is yet to fulfil its promise of raising the import tariff from 20 per cent. The Finance Ministry was yet to give its nod to this proposal forwarded by the Commerce Ministry on pressure from Kerala, he said. The growers, many of them medium and small holders, were also hit by the hike in input cost, especially the wages, and factors such as rotting of trees due to excessive rain and paucity of experienced tappers.
Posted on: Mon, 28 Oct 2013 08:46:16 +0000
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