Rubber

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

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

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

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

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

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

Industry seeks a separate export promotion council to address trade issues

Consumption dropped to around 83,000 tonnes in February

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

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

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

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

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

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

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

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