{"id":205825,"date":"2022-09-14T18:41:33","date_gmt":"2022-09-14T13:11:33","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=205825"},"modified":"2022-09-14T18:41:33","modified_gmt":"2022-09-14T13:11:33","slug":"explained-the-fall-in-natural-rubber-prices-in-india","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/explained-the-fall-in-natural-rubber-prices-in-india\/","title":{"rendered":"Explained | The fall in natural rubber prices in India"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article <\/span><b>\u201cExplained | The fall in natural rubber prices in India\u201d <\/b><span style=\"font-weight: 400;\">published in <\/span><b>The Hindu <\/b>on<b> 14th September 2022.<\/b><\/p>\n<h5><b>What is the News?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">After a moderate post-pandemic revival, the price of Natural Rubber(NR) has crashed to <\/span><span style=\"font-weight: 400;\">a 16-month low of \u20b9150 per kg in the Indian market.\u00a0<\/span><\/p>\n<h5><b>Where does India stand currently in the production and consumption of Natural Rubber?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">India is currently the world\u2019s fifth largest producer of natural rubber. It is also the second biggest consumer of natural rubber globally.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">About 40% of India\u2019s total natural rubber consumption is currently met through imports.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The auto-tyre manufacturing sector accounted for 73.1% of the total quantity of natural rubber consumption.<\/span><\/p>\n<h5><b>Why have Natural Rubber prices fallen sharply?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The current fall in prices is attributed primarily to weak Chinese demand and the European energy crisis, along with high inflation and an import glut, among other things.<\/span><\/p>\n<h5><b>How does the fall in Natural Rubber prices affect growers?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The fall in Natural Rubber prices has mostly impacted the small and medium-scale growers and has left them staring at an uncertain future, forcing some to stop production for the time being.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This impact is mostly seen in Kerala which accounts for nearly 75% of the total Natural Rubber production.<\/span><\/p>\n<h5><b>How has the Rubber Board reacted to this?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">Rubber Board is an organization constituted under the Rubber (Production and Marketing) Act, 1947 and working under the aegis of the Ministry of Commerce &amp; Industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Rubber Board is currently optimistic as it regards the price fluctuation as cyclical and rests its hopes on the projections of a remarkable shortage of rubber seven years from now.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cExplained | The fall in natural rubber prices in India\u201d published in The Hindu on 14th September 2022. What is the News? After a moderate post-pandemic revival, the price of Natural Rubber(NR) has crashed to a 16-month low of \u20b9150 per kg in the Indian market.\u00a0 Where&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/explained-the-fall-in-natural-rubber-prices-in-india\/\">Continue reading <span class=\"screen-reader-text\">Explained | The fall in natural rubber prices in India<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[10498],"class_list":["post-205825","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/205825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=205825"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/205825\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=205825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=205825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=205825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}