Tyre firms’ margins may fall by 1.5-2% after Kerala floods
6 years, 4 months ago

Tyre firms’ margins may fall by 1.5-2% after Kerala floods

Live Mint  

Mumbai: Margins of tyre companies are likely to fall by 1.5-2% between the second and third quarters of FY19 on rise in imports due to lack of natural rubber supply following the Kerala floods, according to a report. Domestic natural rubber production meets over 50% of the requirements of tyre companies in the country and Kerala accounts for close to 90% of the total domestic rubber production. “The floods in Kerala will disrupt domestic supply and hence tyre companies will resort to higher imports to meet the rising tyre demand,” India Ratings said in its report. “Additionally, with a depreciating rupee, imports are likely to be more expensive and will hurt margins of tyre companies amid a rise in rubber procurement costs,” it said.

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History of this topic

Crashing prices leave rubber farmers frustrated
2 months, 1 week ago

Crashing prices leave rubber farmers frustrated

The Hindu  

Just months after a record-breaking surge, rubber growers in Kerala are once again beginning to stare at losses with the price of natural rubber plummeting. In early October, tyre companies halted purchases prompting the Rubber Board to convene a stakeholder meeting to address the deadlock. “While the board urged the companies to remain active in the market, tyre companies have …

Rubber cultivators in Kerala shift jobs over inadequate support on prices & finances
6 months, 3 weeks ago

Rubber cultivators in Kerala shift jobs over inadequate support on prices & finances

Hindustan Times  

Rubber growers in Kerala are shifting to other income-earning activities due to infrastructure development happening in the state, outgoing chairman of the Rubber Board of India, Sawar Dhanania, said on Saturday, as reported by PTI. Latex drips from a tree at a rubber plantation Kerala produces over 90% of India's natural rubber from a total cultivation area of 3.84 lakh …

Govt hikes rubber sector support by 23% to ₹708 cr for next two years
10 months, 3 weeks ago

Govt hikes rubber sector support by 23% to ₹708 cr for next two years

Live Mint  

The government has increased financial package for the rubber sector by 23% to ₹708.69 crore from ₹576.41 crore for the next two years to enhance natural rubber production and productivity as well as reduce import dependency in the years to come, a senior official said on Monday. There are 1.3 million rubber growers in the country and Kerala accounts for …

Ahead of Budget, rubber growers up the ante
11 months, 3 weeks ago

Ahead of Budget, rubber growers up the ante

The Hindu  

In view of the upcoming State Budget on February 5, the beleaguered rubber growers of central Travancore are raising pressure on the Kerala government over an “unacknowledged” suspension of the Rubber Price Incentive Scheme. In the previous plan period, as many as 8.37 lakh bills were filed through the website ebt.kerala.gov.in and of this, 8.17 lakh was forwarded to the …

Rising rubber imports worry planters
2 years, 3 months ago

Rising rubber imports worry planters

The Hindu  

Higher imports of compounded rubber in 2021-2022 has become a matter of concern for planters as they are impacting prices, according to UPASI. According to data available with United Planters’ Association of Southern India, 1.14 lakh tonnes of compounded rubber was imported in 2021-2022, which was 0.19 lakh tonnes higher than the previous year. Import of natural rubber was 5.82 …

Fortunes are stretching a bit too thin for rubber
2 years, 3 months ago

Fortunes are stretching a bit too thin for rubber

The Hindu  

It is a given that natural rubber has brought with it good fortunes to Kerala. Import glut, climate change, and finally the pandemic, have rattled the sector several times over the last couple of decades, sapping Kerala’s enthusiasm for the rubber crop. As per conventional estimates, about 11 lakh farmers are growing natural rubber in Kerala while the area of …

Campco urges government to buy rubber under minimum support price
2 years, 4 months ago

Campco urges government to buy rubber under minimum support price

The Hindu  

The Central Arecanut and Cocoa Marketing and Processing Cooperative has urged the State Government to buy rubber produced in Karnataka under minimum support price on the lines of the Kerala Government to save rubber farmers from price drop crisis. It has also urged Chief Minister Basavaraj Bommai to prevail upon the central government to impose a uniform import duty of …

First Chip Shortage and Now Rubber Deficit, Global Auto Makers Witness Production Disruption
3 years, 8 months ago

First Chip Shortage and Now Rubber Deficit, Global Auto Makers Witness Production Disruption

News 18  

While automakers across the globe are already witnessing a stiff shortage of crucial parts owing to the Covid-19 caused shutdowns, a new deficit of rubber supplies now stares at the segment. With the global supply chain taking a hit and countries like China resorting to stockpiling of components, the prices of rubber are ballooning. Renowned car manufacturers including Fiat, Ford …

Steps to address crisis in rubber sector: Minister
5 years, 3 months ago

Steps to address crisis in rubber sector: Minister

The Hindu  

September 30, 2019 11:51 pm | Updated 11:51 pm IST - KANNUR Minister for Industry and Commerce E.P. Jayarajan said steps would be taken to address the crisis in the rubber sector. Inaugurating the office of The Kannur Rubber Products Company at Clays and Ceramics Complex at Pappinissery here on Monday, the Minister said the government was implementing the programme …

India's tyre sector may grow 7-9% in 5 years buoyed by demand, lower crude; domestic margins to improve
6 years ago

India's tyre sector may grow 7-9% in 5 years buoyed by demand, lower crude; domestic margins to improve

Firstpost  

The domestic tyre industry has benefited from strong growth in both original equipment and replacement segments in the ongoing fiscal, according to ICRA note. Mumbai: The Indian tyre industry may log 7-9 percent growth over the next five year backed by favourable outlook for the domestic automotive industry, rating agency ICRA said in a note on Monday. Besides, the domestic …

Kerala floods impact: Cement demand, prices to take a hit
6 years, 4 months ago

Kerala floods impact: Cement demand, prices to take a hit

Live Mint  

Cement demand in Kerala, which is estimated to contribute around 13% to overall sales volumes in southern India, would get hit in the near term due to the Kerala floods. A recent dealer channel check by domestic broking house Kotak Institutional Equities Ltd showed that prices of the building material in south India declined to ₹ 345/bag in August from …

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