ICRA sees tyre industry’s revenue growth falling by 3-4% in FY20

The credit profile of Indian tyre industry is likely to weaken in FY2020 affected by the ongoing slowdown in domestic automotive industry, rising raw material (RM) prices and higher spend towards debt-funded capacity expansion, ratings agency ICRA Ltd. said in its latest report. Nevertheless, the long-term outlook on industry credit profile is stable, the agency […]

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COMMENTARY – Kerala floods to hit India’s coffee, spices and rubber output hard

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The devastating floods in Kerala have brought the state’s economy to a standstill, with tens of thousands of farmers clueless about their future, as rainwaters have destroyed yearlong plantations, hitting coffee, spices and rubber. “Preliminary findings show that nearly 1,82,000 farmers are directly affected, and nearly 28,150 hectares of farm land are submerged in flood […]

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All is not lost for Indian rubber planters as they turn to beekeeping to feed their coffers

Rubber plantation farmers in Kerala and Tamil Nadu are now turning to bee farming to earn extra income. The earlier government initiatives have not eased the tension for rubber plantation farmers. Rubber growers expressed their displeasure over poor price realization and then on the Centre easing port restrictions for NR (natural rubber) imports under AAS […]

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Indian tyre firms seek import of 4.7 lakh tonnes of duty-free rubber

Tyre companies in India have raised their voice again for duty-waived natural rubber import, quoting latest data on production projections from Rubber Board of India. They have sought zero-duty imports equivalent to the projected domestic deficit in natural rubber. Natural rubber production-consumption gap estimated for the current fiscal touched 4.7 lakh stonne as per the […]

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Rubber growers in India oppose government’s move to fix quality standards for cup lump imports

The Indian Rubber Growers Association (IRGA) has urged the commerce ministry to desist from fixing standards for imported cup lumps, saying that it is anti-farmer and against the interest of domestic rubber industry. The move to fix standards and import of rubber cup lumps is unjustified since there are no standards with regard to its […]

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