Friday, September 19, 2014

Rubber summit in the wake of panic


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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