In the wake of global economic slowdown and
the slump in the auto and tyre sector, the global rubber industry leaders and experts
will arrive in Kochi tomorrow to participate in the Indian Rubber Summit and
Dinner (IRSD 2014) to be held at Hotel Crowne Plaza, Kochi-Kerala. The theme of
the event is ‘Rubber Industry - Taking on Challenging Times’. A major feature of
the event is the presentation of prestigious ‘Rubber Man of the Year 2014’ awards
to Neeraj Kanwar, vice-chairman and managing director of Apollo Tyres Ltd., as outstanding
performers in the rubber industry. The event is organised by Rubber Asia, in
association with Rubber Board of India and All India Rubber Industries
Association.
The Kerala government’s efforts to drive the
market higher have failed and now rubber growers want only a result oriented
programme to get a remunerative price for their produce, as rubber prices dropped
to levels of `.120 a kg (Forecasted by Rubber4U in 15th August 2014 issue). Rubber growers are panicking and will not hesitate
to shift to other crops that will be more profitable. The growers are reluctant
to continue tapping as returns for them are low even as labour costs remain
high.
Read
lot more in Rubber4U – 1st October 2014 issue
For
2014-15 Rubber Forecast, http://rubber4u.com/Public/RForecast.pdf
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