Wait...
  1. Home >
  2. Export Import News >
  3. Import Business News >
  4. Rising rubber imports a threat to local growers >
  5. Rising rubber imports a threat to local growers

Online Export Import Data Search

Complete Training Video : Click Here

Rising rubber imports a threat to local growers.


Date: 09-03-2015
Subject: Rising rubber imports a threat to local growers
Rubber imports into India are set to nearly double in the year to 31 March, compared with the year ended March 2012. In the 10 months till January, rubber imports touched about 360,000 tonnes, about 65% higher than the period under comparison.

In the last two years, imports have been rising because global rubber prices have been significantly lower than domestic prices. At present, the price of RSS Grade 4 equivalent in the domestic market is about 20% higher than that in the global market. Naturally, tyre makers for whom rubber comprises nearly two-thirds the total cost of production, would be better off importing rubber.

In fact, tyre firms have seen improved gross margin (revenue less raw material cost) in the last few quarters as a result of falling rubber prices.

Rubber prices in the international market have been falling on account of weak demand.

Globally, China, the world’s largest consumer of rubber for its tyre industry, started cutting back imports with the auto slowdown. The auto industry is still limping even in other countries in the developed world.

Meanwhile, reports suggest the fall in crude prices has led to tyre firms using a higher proportion of synthetic rubber in tyre production.

Demand is sluggish at home as well, with most large tyre makers operating at around three-fourths their capacity. To make matters worse, supply has been consistently high in the last couple of years on account of increase in rubber output and rise in acreage. Moreover, prices of rubber, like other commodities, follow global market trends.

The Indian government has taken steps to increase duty on dry, imported rubber to protect domestic plantations. Tyre makers, however, say imported rubber is likely to remain economically more viable than those sourced locally, given the global glut. The situation is unlikely to reverse in the near term unless there is an unprecedented surge in demand from the tyre segment, which accounts for nearly 70-80% of rubber used in the country.

Source : livemint.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 19-09-2019



Date: 17-09-2019
Notification No. 30/2019-Customs
Seeks to amend notification No. 50/2017-Customs dated 30.06.2017 to reduce basic customs duty on Open cell (15.6” and above) for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels and certain goods for use in the manufacture of Open cell of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels.

Date: 14-09-2019
NOTIFICATION No. 37/2019-Customs (ADD)
Seeks to impose the definitive anti-dumping duty on the imports of "Electrical Insulators" originating in, or/and exported from China PR.

Date: 14-09-2019
NOTIFICATION No. 36/2019-Customs (ADD)
Seeks to rescind notification No. 11/2015-Customs (ADD) dated 11th April, 2015.

Date: 13-09-2019
Notification No. 64/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg

Date: 13-09-2019
Public Notice No. 33/2015-2020
Annexure I to Appendix 2A revised.

Date: 13-09-2019
PUBLIC NOTICE NO. 32/2015-2020
Enlistment under Appendix 2E of M/s Expo Overseas Entrepreneurs Association (EOEA) Indore Madhya Pradesh- Authorized to issue Certificate of Origin (Non-Preferential)- reg.

Date: 13-09-2019
Notification No. 65/ 2019-Customs (N.T.)
Amending Notification No. 12/97-CUSTOMS (N.T.), dated the 2nd April, 1997 so as to include Barhi, Distt Sonepat, Haryana

Date: 13-09-2019
Circular No. 31/2019-Customs
Revised Norms for Execution of Bank Guarantee under Advance Authorisation, DFIA and EPCG Schemes

Date: 12-09-2019
Notification No. 43/2019-Customs (N.T./CAA/DRI)
Appointment of CAA by DGRI -reg.



Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001