Financial Daily from THE HINDU group of publications
Tuesday, Mar 26, 2002

Port Info

Group Sites

Agri-Biz & Commodities - Rubber

Trade asked to meet global standards


KOTTAYAM, March 25

THE rubber plantation industry has entered a new phase from April last year and the international market has been opened for the rubber growers in India, according to Mr L.V. Saptharishi, Additional Secretary, Union Commerce Ministry.

The industry should rise up to the occasion and utilise the opportunity to the maximum, he told a group of processors, block rubber manufacturers and representatives of model rubber producer's societies at the Rubber Research Institute of India here on Sunday.

Mr Saptharishi emphasised the need for better exploitation of the trees up to the international standards. In the areas of quality, packing and price, India should become competitive and enter into long-term agreements for permanent supply of rubber to the international market. It would be difficult to get customers in the international market if India tried to export rubber when its availability was high in the country, he said.

There should be a permanent set up to export rubber in large quantities. For this, the processing factories should be modernised enhancing its productive efficiency.

At the international level, block rubber could get maximum market. Block rubber formed 90 per cent of the total export of Malaysia while the share of sheet rubber was only 1 per cent.

If India could ensure quality and regular supply at competitive prices, Goodyear of the US had assured that it would purchase any quantity from here, Mr Saptharishi said.

The annual requirement of Goodyear is equivalent to that of the country's rubber production for two years.

Send this article to Friends by E-Mail

Stories in this Section
Scampi scampering for survival

Onion growers shed tears in buyers' market
Rubco sells 10,000 t to MNC
Trade asked to meet global standards
Rubber prices steady
Genetic modification: The growing debate
Last-ditch lobbying over Bt cotton policy
More GM seeds to hit market soon
Poor response from shareholders -- Heritage Foods to close buyback on March 28
Plea to hike MSP for oilseeds
No ducking job
Pepper prices steady
Cardamom firm
Feb commodity export from Kochi port up
Exim Bank to study export potential of herbal medicines

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