Tyre manufacturers offer to buy natural rubber from Indian farmers
The Dollar Business Bureau Average production cost of natural rubber in India stood at around Rs.170 per kg in 2011-12, much higher than prevailing market prices Around 17 tyre companies in India have agreed to buy raw rubber from within India at international prices plus the prevalent import duty to help farmers offload their stock and continue tapping. Rubber prices in India have been on a decline due to influx of imported rubber, which has grown from around 217,364 tonnes in 2012-13 to around 325,190 tonnes in 2013-14, an increase of almost 50%. Meanwhile, rubber production in India has is on a decline, dropping around 8% from about 913,700 tonnes to around 844000 tonnes in FY2013-14, primarily due to higher ...
