25 C
Friday, February 3, 2023
HomeAsian News‘Efforts on to stabilise pure rubber costs’

Related Stories

‘Efforts on to stabilise pure rubber costs’


- Advertisement -

The Rubber Board will proceed efforts to stabilise pure rubber costs with the cooperation of allied sectors, stated the board’s chairman Sawar Dhanania throughout his presidential tackle on the 183rd board assembly.

The Union Authorities has banned the import of scrap rubber as farmers are grappling with falling rubber costs. The board has requested the Centre to lift the import responsibility on compounded rubber. If rubber producer societies have fashionable warehouses with ample storage, then farmers can retailer their produce when costs fall and promote when the home market improves, he stated.

The Furnishings and Fittings Ability Council has the newest applied sciences in wooden processing and designing. The Rubber Board can use this experience to faucet the potential of the rubber wooden business, he stated.

Scope of producers’ organisation

The Rubber Board has been conducting grower conferences in numerous areas on ‘farmer producer organisations’ (FPO) and their scope in worth addition. It will probably have interaction in MoUs with the Indian Council of Agricultural Analysis, Council of Scientific and Industrial Analysis, Indian Institute of Expertise, Indian Council of Forestry Analysis and Training, and so forth, to discover alternatives for pure rubber of their associated areas, Dhanania stated.

- Advertisement -

KN Raghavan, Govt Director, offered a standing report on pure rubber for the interval April to November 2022. Home manufacturing from April to November is provisionally estimated at 517,000 tonnes, which is 14.9 per cent increased in comparison with 450,000 tonnes in the course of the corresponding interval final 12 months. The board’s efforts in selling rain-guarding, illness management, adoption of untapped areas and so forth had contributed to the rise in manufacturing, he stated.

See also  Godrej Agrovet Q2 web dips 38% to ₹69.6 cr on unstable commodity costs

Consumption throughout April to November is provisionally estimated at 898,000 tonnes in comparison with 827,000 tonnes throughout the identical interval the earlier 12 months, registering a development of 8.6 per cent. The auto tyre sector registered 4.4 per cent development in rubber consumption from April to November, whereas the final rubber items sector registered 20.2 per cent development. Auto tyre manufacturing sector accounted for 71 per cent of the pure rubber consumption in India from April to November.

The revised projection for manufacturing and consumption in 2022-23 is 830,000 tonnes and 1,310,000 tonnes, respectively. Import of pure rubber elevated to 378,481 tonnes from April to November in comparison with 343,604 tonnes in the course of the corresponding interval final 12 months. Raghavan stated 89 per cent of the imports was within the type of block rubber.


- Advertisement -


- Never miss a story with active notifications

- Browse for free from up to 5 devices at the same time

Latest News


Please enter your comment!
Please enter your name here