Kottayam, Jan 27 (KNN) The Rubber Board, India based in Kottayam has sought for an increase in the import duties on compounded rubber as part of their continued efforts to keep the prices of natural rubber steady.

In a presidential address earlier this week, Chairman Dr. Sawar Dhanania said, “The Rubber Board of India will continue its efforts to stabilise natural rubber (NR) prices in cooperation with allied sectors.”

During its 183rd meeting of the Rubber Board, Dhanania noted that central government had banned imports of scrap rubber to support farmers facing falling rubber prices. 

The Rubber Board has requested regulators to raise the import duty on compounded rubber, the industry body leader added at the meeting in Kottayam. 

To help farmers store more produce “until the domestic market improves,” Dhanania also called for investment in modern warehousing capacity.

The chairman went on to highlight “value-addition” initiatives, including work to apply new processing and design technologies in the rubber wood industry.  (KNN Bureau)