Business Daily from THE HINDU group of publications
Saturday, Aug 16, 2008
ePaper | Mobile/PDA Version | Audio

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Agri-Biz & Commodities - Rubber
No takers for latex on fall in rubber prices

Our Correspondent

Kottayam, Aug. 15 While there is acute shortage for sheet rubber in the market, rubber latex stocks that can help produce 13,000 tonnes of sheet rubber, are lying unsold due to fall in prices, according to Mr George Waly, President of the Indian Rubber Dealers’ Federation.

At a time when the domestic price is ruling Rs 16 above the international price, tyre manufacturers are trying for large-scale import of rubber on the ground that rubber is not available in the domestic market. It would adversely affect the entire rubber growers in the country, he pointed out.

Global demand

Due to poor global demand and diversion of many growers to latex marketing, the latex factories now functioning in the State are undergoing a crisis, resulting in shortage of sheet rubber. If the rubber growers concentrate more on sheet production, it would help them to keep the stock for long and encash them when the price rules high.

To alleviate the grievances of the rubber growers who sell the latex, the rubber dealers of the village marketing centres have already started procuring latex for processing and preparing grade sheets. To overcome the present situation, the Rubber Board Chairman had assured all help, Mr Waly said.

More Stories on : Rubber

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page




Stories in this Section
MCX awaits clearances to launch currency derivatives


Pusa-1121 prices crash as export orders dry up
No takers for latex on fall in rubber prices
Prices firm up at Kochi tea auction
Hatsun’s ‘Project White Gold’ set for full-scale launch
No case for vegoil duty hike, for now
GoM set to clear crop insurance for plantations




Smartbuy



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

Copyright © 2008, 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