New rubber policy soon: Alphons

New rubber policy soon: Alphons

Context:

• The Central government will soon come out with a new Rubber Policy which will ensure remunerative prices for natural rubber.

Focus areas:

• All the issues, including minimum support price for natural rubber, possibility of introducing Minimum Import Price for the produce, and concerns over the introduction of BIS for cup lump as a precursor to its import, would be looked into before formulating the policy.

Safeguard measures for rubber against import:

• The Central government had brought in anti-dumping duty for tyre imports from China.
• The Central government needs to pass on the huge accruals in the form of import duty on rubber to the farmer.