Spices Board, Rubber Board & Digital University of Kerala to Develop Mobile App for cardamom farmers

The Spices Board, the Rubber Board and the Digital University of Kerala shared an Memorandum of Understanding (MoU) to use modern techniques to generate spatial models of soil nutrients in the cardamom tracts and to develop an android-based mobile application for cardamom growers to enable site-specific, need based fertiliser recommendation. D Sathiyan, secretary, Spices Board, […]

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Rubber Board of India plants its first genetically-modified (GM) rubber in the north east

The Rubber Board of India planted the first genetically-modified (GM) rubber plant on 22 June 2021 at its Sarutari research farm in Guwahati. This is believed to herald a revolution in the cultivation of natural rubber in India.   The GM rubber plant has been developed at the Rubber Research Institute of India (RRII), and is expected to do well under […]

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India’s commerce ministry seeks anti-dumping duty on specialised rubber imported from 4 countries

India’s commerce ministry has recommended imposition of anti-dumping duty on a certain type of rubber imported from China, European Union, Japan, and Russia, in order to guard domestic manufacturers from cheap inbound shipments. Directorate General of Trade Remedies (DGTR) has recommended the duty after concluding in its probe that ”Acrylonitrile Butadiene Rubber” from these regions has been […]

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ATMA to invest Rs 1,100 crore to encourage rubber plantation in northeast India

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Industry body Automotive Tyre Manufactures Association (ATMA) will invest Rs 1,100 crore to undertake rubber plantation in additional 2,00,000 hectares of land in northeast India in the next five years. Union Commerce and Industry Minister Piyush Goyal, while participating in a virtual seminar, thanked ATMA for agreeing to invest Rs 1,100 crore for developing a plantation in […]

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India’s commerce ministry likely to extend anti-dumping duty on carbon black

The commerce ministry of India has recommended for extension of anti-dumping duty for five years on carbon black from China and Russia. Used in the rubber and tyre industry, the anti-dumping duty on carbon black was imposed to guard domestic players from cheap imports from these two countries. In a notification, the ministry’s investigation arm […]

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Sebi proposes one commodity, one exchange model to make India influence global prices

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To deepen and grow commodity markets in India with an intention to make India a price-setter than a price-taker, the Securities and Exchange Board of India has proposed, ‘one commodity, one exchange’ plan even though currently multiple exchanges are allowed to launch contract on the same commodity to create competition and give choice to investors, says a report in Business […]

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Pre-Christmas ‘Santa Claus’ rally boosts Kerala’s natural rubber market to Rs 132 per kg

The pre-Christmas price rally phenomenon in rubber, better known as Santa Claus rally, has given a much-needed touch of festivity to the domestic rubber price, sagging under the strain of slowdown in demand, reports Financial Express. From Rs. 126 per kg in mid-November, the domestic price of the premium grade natural rubber, RSS-4 sheet, used […]

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Rain-guarding helps rubber output go up by 14,000 tonnes in July 2019: Rubber Board of India

According to the Rubber Board of India, timely rain-guarding has increased natural rubber output in India by 14,000 tonnes in July 2019, on an year-on-year basis. The production recorded in July was 60,000 tonne, while it was 46,000 tonne in July 2018. “Confronted with a drastic reduction in production during the last few years, the […]

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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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