Indian market is integrated internationally

Indian market is integrated internationally

According to Sheela Thomas, Secretary General, Association of Natural Rubber Producing Countries, the crisis in the Indian natural rubber market follows the international trend. An improvement in the domestic prices can be expected only with an increase in international prices, Sheela tells Business Line. International natural rubber prices continued to fall from 2013 due to […]

Indian Rubber Industry delegation to East Asia

Indian Rubber Industry delegation to East Asia

Ministry of MSME supported the Indian rubber industry delegation to Taiwan and Korea is expected to give boosting to India’s rubber trade with East Asia. The 6-day visit was led by Mohinder Gupta, President, All India Rubber Industries Association, and held a series of B2B meetings with rubber industry associations, made visits to the factories […]

Malaysia incentivizes Rubber production from July 2016

Malaysia incentivizes Rubber production from July 2016

The Malaysian Rubber Board (MRB) announced that the Rubber Production Incentive (IPG) scheme will be activated this month with the payment of 25 sen per kg for cup lump at farm-gate level (50% dry rubber content) in Peninsular Malaysia, 65 sen per kg in Sabah and 35 sen per kg in Sarawak. In a statement […]

Unfavourable Balance of Trade for Rubber Industry

Unfavourable Balance of Trade for Rubber Industry

While reversal of the downward trend in crude oil prices is being expected the expanding margins tapped by the rubber and rubber dependent industries could shrink. After plunging to $27.88 per barrel in January this year, Brent crude oil prices rose to $ 52.75 per barrel on June 8. “…we now expect less downside to […]