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Thursday, 13 February 2014

Good News for Indian Rubber Growers! Good Rate Is Expected

REUTERS  reports that “India's natural rubber imports in January fell by a fifth to 19,696 tonnes from a year earlier as a hike in the import duty made overseas purchase less lucrative for tyre makers….”
It is further reported that the India the 4th biggest producers of natural runner “India imported 24,505 tonnes during the same period last year….”
And “In December 2013, India raised import duties on natural rubber by 50 percent to curb rising imports that pushed local prices to their lowest in four years.
Reduction in import of natural rubber from the Malaysia, Thailand and Indonesia naturally reflect positively in the fluctuating natural rubber market of India