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Rubber Board Offers Export Incentive
- 16 Mar 2024
On 15th March, Rubber Board announced Rs 5/kg incentive for rubber exports, aimed at increasing domestic rubber prices.
- Export incentive limited to 40 metric tons per exporter, valid until June, with maximum payout of Rs 2 lakh.
- Move comes as domestic rubber price lags behind international rates, causing concern among Kerala farmers.
- International rubber price exceeds Rs 228/kg, while domestic price stagnates at Rs 180/kg.
- National Consortium of Rubber Producer Societies criticized the incentive as insufficient to address price disparity.
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