KOTTAYAM, India—The India Rubber Board "will continue its efforts to stabilize natural rubber prices" in cooperation with allied sectors, chairman Sawar Dhanania said in a presidential address.
In a Jan. 24 release from the 183rd meeting of the Rubber Board, Dhanania said that central government had banned imports of scrap rubber to support farmers who are facing falling rubber prices.
The Rubber Board has requested India regulators to raise the import duty on compounded rubber, the industry body leader said at the meeting in Kottayam.
Dhanania also called for an investment in modern warehousing capacity so farmers can store more produce "until the domestic market improves."
The chairman also highlighted "value-addition" initiatives, including work to apply new processing and design technologies in the rubber wood industry.