Rubber price comes down by Rs 15 in one and half months
Kottayam: The price of rubber has fallen by Rs 15 in the last one and half months. RSS- 4 rubber was valued at Rs 150 on Tuesday. The reduction of price in the international market and the increase in production is reflected in the domestic market. The price of rubber had reached Rs 165 last December.
The international price of rubber has come down by Rs 28. This was Rs 186.9 in the Bangkok market at the beginning of last month. Now the price has come down to Rs 158.
The production of rubber is at a high now. 87,000 tonnes of rubber was manufactured in the month of November. It is believed that this increased to one lakh tonnes in December.
The fall in rubber price has affected the middle-income farmers the most. Rubber Dealers Federation wrote to the Chief Minister requesting to increase the limit of the state government’s fixed price scheme to Rs 200 per kg.