Brightening up the face of downcast natural rubber farmers who are reeling under price crashes in recent times, the Indian Finance Minister has met their long pending demand to raise the import duty on compound rubber on par with imported NR. Such a move is expected to provide support to domestic rubber prices.
What is covered in the Full Insight:
Introduction
Government's Decision and Rationale
Impact on Domestic Market
Market Players' Reactions
Conclusion
SUMMARY
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