Rubber price fall: Rs.1000 crore from central Price Stabilisation Fund sought

Saturday, Dec 13, 2014,20:35 IST By metrovaartha A A A

Thiruvananthapuram | Kerala today sought Rs.1000 crore from Centre’s Price Stabilisation Fund to provide relief to rubber growers suffering due to sharp fall in price of natural rubber.
State Finance Minister K M Mani in a letter to Union Commerce Minister Nirmala Sitharaman also wanted a ban on the export of rubber till its price becomes stable in the country.
Price of natural rubber, which stood at Rs.240 per kg in 2011, have fallen now and ranged between Rs.90 and Rs.115 per kg , Mani said in the letter.
As Kerala contributes 90 per cent of the total rubber production in the country, the price fall had seriously affected its economy, he said.
The life of nearly 11 lakh small and medium rubber farmers has been badly affected due to fall in price, he said. He also wanted the subsidy to be increased from Rs 25,000 to Rs 50,000 per hectare for rubber re-plantation.

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