Rubber Board Offers Export Incentive

• 16 Mar 2024

On 15th March, Rubber Board announced Rs 5/kg incentive for rubber exports, aimed at increasing domestic rubber prices.

• Export incentive limited to 40 metric tons per exporter, valid until June, with maximum payout of Rs 2 lakh.
• Move comes as domestic rubber price lags behind international rates, causing concern among Kerala farmers.
• International rubber price exceeds Rs 228/kg, while domestic price stagnates at Rs 180/kg.
• National Consortium of Rubber Producer Societies criticized the incentive as insufficient to address price disparity.