The Hindu Business Line : `Continue latex export despite brief loss'

As long as the domestic price of rubber rules above the international price, subsidy to the export of rubber latex could not be justified, said Mr Sajan Peter, Chairman, Rubber Board, addressing a meeting convened to discuss the various issues raised by exporters following the withdrawal of subsidy for rubber exports.

Rubber subsidy for export was withdrawn on March 31, 2005. As against the target of 45,000 tonnes during the current year, 49,738 tonnes have been already exported.

Customs issue

"Though there is price fall for processed rubber latex at present, export should be continued even incurring a temporary loss.

Periyar Latex , a joint venture company of Rubber Board and rubber producers' societies, is continuing to export with loss.

"The action taken by the Customs Department against the block rubber processors would be brought to the notice of the Director General, Foreign Trade and Commerce Ministry," Mr Peter said. The President of Indian Latex Producers Association Mr Satheesh Abraham, and the President of the Indian Block Rubber Association, Prof K. K. Abraham, were present at the meeting.

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