The arrival of monsoon in Kerala would see a fall in the overall production of rubber in India and as a results the natural rubber prices may rise up to Rs 10 per kg in the domestic market. The current price for rubber is Rs 226 per kg. The arrival of monsoon in Kerala have put a halt on the rubber tapping and as a result the overall supply has gone down, as Kerala is one of the highest rubber producing state in Kerala.
As per the officials the rubber prices are unlikely to rise sharply as demand is expected to remain subdued as import has increased on low global prices and a change in import duty structure from 20 per cent of the price of the imported good to Rs 20 per kg or 20 per cent, whichever is lower.
Anyway this is again a good news for the rubber farmers in Kerala, as they are already enjoying a great market price for the rubber. I really feel sad that I sold out my rubber plantation 13 years back, as the price hit a low of around Rs 20 that time. But a few years after I sold out my rubber plantation, the prices started to pump up in an incredible way :(
As per the officials the rubber prices are unlikely to rise sharply as demand is expected to remain subdued as import has increased on low global prices and a change in import duty structure from 20 per cent of the price of the imported good to Rs 20 per kg or 20 per cent, whichever is lower.
Anyway this is again a good news for the rubber farmers in Kerala, as they are already enjoying a great market price for the rubber. I really feel sad that I sold out my rubber plantation 13 years back, as the price hit a low of around Rs 20 that time. But a few years after I sold out my rubber plantation, the prices started to pump up in an incredible way :(
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