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Restriction On Rubber Imports Opposed by Tyre Industry

   
Date : December 24, 2012
Number of Views : 4348

 
the Imposition of ban on rubber imports is opposed by the Tyre Industry claiming it to be counter productive.

The curbs on Ruber Importers will have far reaching adverse effects for the industry already experiencing the attack of exceptional slowdown in the automobile sector.

The Indian Tyre Manufacturers affirmed that the demand raised by rubber growers also does not certify with the facts.

An analysis of domestic (RSS 4) and international (RSS 3) prices shows that domestic prices have ruled higher than international prices over the last six months except in December.

Even when compared with Malaysian SMR 20, which is a competing grade of rubber with RSS 4, domestic rubber prices are still ruling higher. The consumers have been at the receiving end of comparatively higher domestic prices for a major part of the year.

According to the Industry experts the tyre industry which is already facing the prospects of low tyre demand in view of de-growth in automobile production any knee jerk reaction could have disastrous consequences. the domestic prices have ruled higher due to domestic demand outstripping availability making imports imperative.



 
News Category: Rubber Processing Machinery
Agricultural Commodities
Umbrella, Raincoat, Waterproof Clothing

News Type : Market News

 
 
 
 








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