Govt regulating import of natural rubber to help growers, says minister

The most-active December contract of rubber hit a three-month low of Rs 11,751 per 100 kg on Indian Commodity Exchange

The government said that it has taken various measures to help rubber growers. These include regulating the import of natural rubber and increasing the import duty on dry rubber. The development comes against the backdrop of falling prices, which are impacting the rubber farmers.

The most-active December contract of rubber hit a three-month low of Rs 11,751 per 100 kg on the Indian Commodity Exchange, tracking a fall in prices of natural rubber in the key spot markets of Kerala, traders said. The December contract settled at Rs 11,771 per 100 kg, down 1.3%, said reports. Rubber prices in the spot