[03 Feb] Infam's Plea on Rubber Export

The Indian Farmers’ Movement (Infam) has suggested that the export of natural rubber should be encouraged to prevent fall in prices.

A statement from Infam alleged here that the tyre industry was plotting to keep domestic prices down, though global prices were high and there was a shortfall in global supplies.

The Union government’s lenient import policies allowed the duty-free import of around 1.5 lakh tonne natural rubber into the country.

This in turn helped the tyre industry to exploit the rubber farmers, the statement alleged.

(Source: irco.biz)