Industry analysts are of the view that this action is likely to force the Indian rubber imports to surpass 400,000 tones in this financial year. Vietnam has plans to slash its export tax from one percent to zero. This will also result in the surge in Indian rubber imports.
This is the sharpest fall in five years. Further fall is likely, raising fear among the growers. ..
The Meet is a major initiative of Indian rubber industry to organise a regular forum for interact..
Top exporter Thailand has given nod to sell 200,000 tonne rubber stockpile to ease price pressure..