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Floor Price Hike Fails To Enthuse Kerala Farmers
3 Views07 Feb 2024 10:58
In a significant move aimed at lifting the sagging spirits of weary rubber farmers, the Government of Kerala State in India has raised the floor price of rubber from the current INR 170/kg to INR 180/kg, which means an effective hike of US$120/ton. Kerala accounts for over 70% of rubber production in India and has 950,000 rubber farmers, and they are not excited about the development.
What is covered in the Full Insight:
- Introduction
- State Government Actions
- Response from Farmers
- Rubber Industry Support
- Future Outlook
SUMMARY
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