THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (INDEPENDENT CHARGE) (SMT. NIRMALA SITHARAMAN)
a)to d): A Statement is laid on the Table of the House.
STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (d) OF LOK SABHA STARRED QUESTION NO. 71 FOR ANSWER ON 11TH JULY, 2014 REGARDING “PRICE OF RUBBER ”
(a): Annual average price of Natural Rubber (NR) in the domestic and international markets during the last four years is as under:-
Year 2010-11 2011-12 2012-13 2013-14 Domestic Ribbed Smoked 190.03 208.05 176.82 166.02 Sheet (RSS) 4 (Rs. per kg) International 195.55 209.15 175.76 155.25 Ribbed Smoked Sheet (RSS) 3 (Rs. per kg)
Main reasons for the fall in rubber prices in the international market are lower growth prospects of the world economy, moderating demand for Natural Rubber in China and increase in world stock of Natural Rubber. Fall in rubber prices in domestic market is mainly due to declining trend in prices in the international market, relatively low growth in the domestic demand for specific forms of Natural Rubber and increased level of import.
(b): There is no export quota for Natural Rubber and there is no quantitative restriction on import or export of Natural Rubber.
(c): Government has constituted an Expert Committee to look into all aspects of production, consumption and trade in Natural Rubber and recommend a National Policy on Rubber after examining all relevant issues.
(d) : Government has increased the import duty on dry forms of rubber from “20% or Rs.20 per kg whichever is lower” to “20% or Rs.30 per kg whichever is lower”. The applied rate of duty on latex is Rs.49.00 per kg if the duty amount per kg calculated at the rate of 70% ad valorem is more than Rs.49.00 per kg from January, 2012. Government has also enhanced the rate of subsidy for rubber planting from Rs.19,500 per ha to Rs.25,000 per ha in traditional growing areas (Kerala, Tamil Nadu and Karnataka) and from Rs.30,000 per ha to.35,000 per ha in non traditional areas including the North East.
Download PDF Files
