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Wednesday, Apr 26, 2006

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`Farmers to benefit from runaway rubber price'


Kottayam , April 25

Reacting to the news that natural rubber has crossed the historical mark of $2 a kg, Mr Sajen Peter, Chairman, Rubber Board, told Business Line that growers, particularly a million small farmers, have every reason for jubilation.

"When Dr Hidde P. Smit Secretary General, International Rubber Study Group (IRSG), stated a year ago that the price of natural rubber would go up to $2 a kg in the near future, many of us laughed it away, but now has come true," he said.

Uptrend may persist

Studies by international agencies indicate that the prices are likely to continue to be high for a few more years as consumption outgrows production globally. Hence, in the contest of a booming economy the grower can be rest assured that a crash in price is most unlikely. Mr Sajen Peter said this was an opportunity, which the Indian rubber farmer could utilise to his advantage for better prospects in future.

Plea to growers

Mr Sajen Peter urged rubber farmers, particularly in the traditional areas to set apart Re 1 a kg for strengthening their own RPSs and group processing activities to face the challenges in improving productivity further through scientific tapping and meeting quality standards in processing.

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