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rubber

No decision to reduce import duty on rubber as of now, says govt

This is because the government believes that the differential between local and international prices has been maintained

No decision to reduce import duty on rubber as of now, says govt
Updated On : 19 Feb 2024 | 8:21 PM IST

'Govt not considering any cuts in import duty on rubber as of now'

The government is not considering any cut in import duty on rubber as of now as the differential between the local and international prices is maintained, a senior official said on Monday. "We have a differential already maintained for the imports that we are getting vis-a-vis the local production. "If you see the local price vis-a-vis international price...so there has been a differential maintained on account of that import duty... So I do not think there is any rethink on reducing import duties as of now," Additional Secretary in the commerce ministry Amardeep Singh Bhatia told reporters here. He was replying to a question about the domestic user industry's demand to cut the duties and that of local producers against any duty reduction. Tyre makers are one of the major consumers of the commodity. Over 13 lakh rubber growers are there in the country. Kerala accounts for a major chunk of the production, which was 8.39 lakh tonne in 2022-23. Consumption during that fiscal was 13.5

'Govt not considering any cuts in import duty on rubber as of now'
Updated On : 19 Feb 2024 | 6:52 PM IST

Meeting of rubber-producing nations discusses need to mechanise sector

The need for collective efforts to address issues of natural rubber-producing countries, such as mechanisation of the sector, increased labour costs and environmental problems, was discussed at a meeting here on Monday. Discussions on topics relevant to the sector, including the current global scenario post-COVID pandemic and the Russia-Ukraine war, were also held as part of the annual meeting of the Association of Natural Rubber Producing Countries (ANRPC), a statement said. India's Rubber Board chairman Sawar Dhanania inaugurated the meeting, the theme of which was 'Natural Rubber Industry: Challenges and Policy Options in the 21st Century'. Addressing the programme, Dhanania said the association should prioritise issues common for all and formulate appropriate policies. Mechanisation of the sector, promotion of sustainable agricultural practices, strengthening of the supply chain and value addition for rubber wood will ensure the existence of rubber farmers everywhere, he ...

Meeting of rubber-producing nations discusses need to mechanise sector
Updated On : 09 Oct 2023 | 8:35 PM IST

Chhattisgarh surpasses target of rabi sowing, eyes rubber plantation

Officials in the agriculture department said rabi crops had been sown in 1.936 million hectares, which is more than the target of 1.925 million hectares

Chhattisgarh surpasses target of rabi sowing, eyes rubber plantation
Updated On : 10 Apr 2023 | 7:53 PM IST

Sri Lanka earned $900 million through rubber exports in 2022: Official

Director General of the department Madawa Kulasuriya told the media on Saturday that this was a slight drop from 2021 revenue, which was $1 billion

Sri Lanka earned $900 million through rubber exports in 2022: Official
Updated On : 22 Jan 2023 | 7:28 AM IST

India eyes quality control measures for rubber, cement industries: Report

India aims to implement quality control measures for the light engineering, rubber, cement and concrete building materials industry by next year, a government source said

India eyes quality control measures for rubber, cement industries: Report
Updated On : 19 Dec 2022 | 1:27 PM IST

Stock of this rubber producer company has zoomed 76% in two months

Apcotex hit a record high of Rs 640.30 and rallied 10 per cent on the BSE.

Stock of this rubber producer company has zoomed 76% in two months
Updated On : 23 May 2022 | 11:50 AM IST

India starts investigation into rise in Korean synthetic rubber imports

An application has been filed by Reliance Industries Ltd alleging increased imports of 'Polybutadiene Rubber' from Korea causing serious harm to the domestic producer

India starts investigation into rise in Korean synthetic rubber imports
Updated On : 08 Nov 2019 | 6:20 PM IST

State to launch company to promote rubber products

Kerala produces more than 80 per cent of the total natural rubber in the country

State to launch company to promote rubber products
Updated On : 26 Jun 2018 | 1:34 AM IST

Threat to the environment? Rubber plantations in Northeast eat into forests

Although Kerala has been a top rubber grower in India, the plant was first introduced in the Northeast by the regional forest department in the 1960s

Threat to the environment? Rubber plantations in Northeast eat into forests
Updated On : 19 Mar 2018 | 5:32 AM IST

Rubber articles' exports to rise 10% in FY18

Industry seeks a separate export promotion council to address trade issues

Rubber articles' exports to rise 10% in FY18
Updated On : 18 Aug 2017 | 2:10 AM IST

Natural rubber import drops in February as prices increase in key markets

Consumption dropped to around 83,000 tonnes in February

Natural rubber import drops in February as prices increase in key markets
Updated On : 31 Mar 2017 | 1:40 AM IST

Rubber planters oppose tyre industry demand to cut tariff

The United Planters' Association of Southern India (Upasi) say there should be no reduction in the import duty on natural rubber (NR), currently 25 per cent.Vinod Sivappa, president, says "any such move will be detrimental to the interest of 1.2 million growers dependent on this agro industry and tantamount to fixing the final nail in the coffin".Tyre manufactuers, the major consumer of NR, are asking for reduction in the duty.Upasi says the duty is already too low, having been wrongly fixed. "Be that as it may, there is no reason whatsoever to reduce the duty, especially given the surge in NR import in the past few years, with each year reporting new highs," said Sivappa. Import of NR in 2008-09 was 77,762 tonnes. In 2015-16, it was 458,374 tonnes. In the first nine months of the current financial year, it was higher ober the same period a year before by 134,000 tonnes. Tyre makers notes the Rubber Board's production estimate for 2017-18 is 720,000 tonnes vis-vis consumption at 1.06

Rubber planters oppose tyre industry demand to cut tariff
Updated On : 23 Feb 2017 | 9:03 PM IST

China's rubber equipment leader eyes India

Chinese rubber equipment manufacturers are looking at setting up processing facilities in India

China's rubber equipment leader eyes India
Updated On : 24 Jan 2017 | 2:44 AM IST

Trinseo to build styrene butadiene rubber pilot plant in Germany

The pilot plant will allow for more efficient use of Trinseo's production facilities and help speed up innovation in the performance tyres market

Trinseo to build styrene butadiene rubber pilot plant in Germany
Updated On : 19 Oct 2016 | 3:34 PM IST

India initiates probe against China, 5 others

Imports from South Korea, Russia, South Africa, Iran and Singapore under radar

India initiates probe against China, 5 others
Updated On : 24 Sep 2016 | 12:25 AM IST

Rubber production rises 11 per cent in July

Consumption of natural rubber during July 2016 increased by 4.3 per cent to 87,000 tonnes, compared to 83,400 tonnes during July 2015

Rubber production rises 11 per cent in July
Updated On : 04 Sep 2016 | 4:01 PM IST

Kerala planters protest decision to encourage block rubber production

Planters' body claims the move will deprive domestic farmers of price leveraging benefits

Kerala planters protest decision to encourage block rubber production
Updated On : 29 Aug 2016 | 2:51 PM IST

Rubber output falls 13% to 5.63 LT in FY16

The rubber production stood at 6.45 lakh tonnes in the 2014-15 fiscal and the imports were at 4.42 lakh tonnes

Rubber output falls 13% to 5.63 LT in FY16
Updated On : 24 Apr 2016 | 12:45 PM IST

Rising rubber prices to deflate tyre makers' margins

Profitability to be hit as prices are up 20 per cent since February

Rising rubber prices to deflate tyre makers' margins
Updated On : 02 Apr 2016 | 11:43 PM IST