Rubber industry to see red-end after 78 years following sharpdecline in prices

For the first time in several years, large rubber growers in Kerala, who account for 90% of the production in the country, are looking to end the fiscal in the red following a sharp decline in prices.



Prices plunged by 40-50% from the peak level four years ago, and the drop has been particularly severe in the past one year, which prompted small growers to discontinue tapping and explore other farming options. But saddled with huge overheads, having to bear the social cost of workers, large planters with hundreds of acres of estates are compelled to continue with tapping, even at the risk of incurring losses.



Real Time News & Trading Trends Keep Liking #EpicResearch



Facebook – Twitter – YouTube – Pinterest –Linkedin – Google+



For more information ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH

Posted in: Indian Market Tips