Financial Daily from THE HINDU group of publications
Wednesday, Feb 13, 2002

Port Info

Group Sites

Agri-Biz & Commodities - Rubber

Traders welcome move to monitor rubber exports

Our Bureau

KOCHI, Feb. 12

THE Cochin Rubber Merchants Association has welcomed the Government's decision to monitor the transactions regarding export of rubber to prevent any misuse of subsidies.

The Association President, Mr N. Radhakrishnan, in a release issued here, said some exporters were trying to book orders for rubber at much lower prices than the present international prices of $620 per tonne (Rs 30.25 per kg) f.o.b. Port of shipment, armed with the subsidies of Rs 3.50 each announced by Union and State Government. He said subsidy was granted to purchase rubber at the statutory minimum prices of Rs 32.09 per kg for RSS IV grade when the indigenous prices were around Rs 26 per kg and the international prices were around Rs 25 per kg. The international prices have now gone up by about Rs 5 per kg and the market is likely to go up further due to imposition of export restrictions by Thailand, Indonesia, Malaysia, he said.

He pointed out that exporters should not misuse the Government subsidy and pass on the benefit to the international buyer.

Send this article to Friends by E-Mail

Stories in this Section
Traders welcome move to monitor rubber exports

Rubber down on slack trading
Tea exports: Govt okays refund plan
GM groundnut from Icrisat likely soon
Farmers for greater say on GM crops
Rice exports gain pace -- Indonesia to buy one million tonnes
Oilmeal exports up
Steady outlook for cashew
Vanilla boom
Karnataka move to modernise agricultural marketing yards

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line