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Tuesday, May 09, 2006

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Growers' coop slams demand to ban rubber exports

Our Correspondent

Kottayam , May 8

The attempt of the tyre manufacturers to ban rubber exports should be stopped forthwith and rubber marketing co-operative societies, rubber producers societies and other organisations such as Infam and farmers associations should join together to represent against this attempt, according to Prof. K.K. Abraham, President, Pala Rubber Marketing Co-operative Society and a spokesman of the rubber growers.

The move by ATMA was intended to curb the uptrend in rubber prices and for this they had requested the Union Commerce Minister to ban rubber exports. They also approached the Rubber Board Chairman to adopt a favourable attitude in this issue, he said.

Subsidy withdrawn

Following the pressure from the manufacturers, the subsidy given for exports was withdrawn, port restrictions were removed and rubber import was allowed under OGL.

A year ago the efforts of the manufacturers to depress the domestic market by importing 70,000 tonnes of rubber failed as the country could export 50,000 tonnes during the same period.

But they succeeded in importing more than 50,000 tonnes of block rubber as a result of which the block rubber industry incurred heavy loss.

The indigenous market rules around Rs 10 below the international market.

With the rubber prices in the country remaining below the global levels, it is unbecoming of them to argue against the reasonable rights of the rubber growers to receive the prevailing market price, he said.

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