Indian government said that it has no plans to put a ceiling on maximum price of NR in the wake of spurt in natural rubber prices due to disruption in rubber production and supply.
Minister of Commerce and Industry Anand Sharma said the tyre manufacturers had averred that there was a shortage of natural rubber and demanded a ceiling on the maximum price of natural rubber, but the government is of the view that fixation of any maximum price of natural rubber may not be desirable, keeping in view interests of all stakeholders and sustainable existence of the rubber sector as a whole.
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