Crisis in Rubber Industry due to Global Economic Slow down

Thursday, May 14, 2015,22:34 IST By metrovaartha A A A

Kochi | Fall in rubber price in the State was mainly due to the global economic slowdown and this phenomena would continue for another three or four years, observed a group of experts at a workshop.
This observation was made by a group of experts at a workshop on Recent Advances in Cash Crops of Kerala held at Kerala University of Fisheries and Ocean Studies (KUFOS), a release said here today.
The rubber industry directly depends upon the automobile sector which is in crisis due to globally affected economic stagnation. Unstable climatic conditions and the rising temperature also badly effect on rubber production, experts highlighted at the workshop, organised by the Department of Food Science and Technology, KUFOS and Kerala State Council for Science Technology and Environment.
The workshop was also observed that the sector was experiencing a severe shortage of rubber tappers and it proposed that steps should be taken to attract youths into the rubber industry, it said.
Former Union Minister and senior Congress leader Prof K V Thomas, MP, who inaugurated the workshop, stressed the need for focusing on addressing realistically the challenges being faced by the cash corps sector in the state.
We cannot solve issues by shouting slogans and having bundhs or hartals. A realistic approach is needed to tackle the challenges faced by the sector to make the crops profitable by finding trade in international market, he added.
Stating that a set of rules and regulations must be formulated to improve the quality of the value added products from the crops, he said that ”quality has to be strictly maintained at all levels to sustain hard competition in global markets.”
KUFOS pro-vice chancellor Dr K Padmakumar in his presidential address said the country had made remarkable achievements in food and agriculture sectors, the release added.