Search Result for : India Rubber Imports

Sai Nikesh D | The Dollar Business Dipping yield, higher wages and growing input costs have made Indian rubber uncompetitive in recent years   Government intervention in convincing major tyre companies to purchase from local farmers in an attempt to stabilise domestic rubber prices may prove to be futile, with industry experts saying that India’s natural rubber imports are all set to reach a record 5 lakh tonnes in FY2014-15. To address the concerns of farmers over losses due to low international prices and rising imports, around 17 tyre companies in India agreed last month to buy natural rubber from within India at international prices plus the prevalent import duty for three months. The move, mainly due to an appeal by ...