Sombre Growth Expected For Tyre Industry Due To Rise In Rubber Prices
By Ankit verma
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Updated: Dec 19th, 2019 at 1:58 pm
The tyre industry in the first half of the year 2017 is going to see a subdued growth. The reason is the rising prices of the natural rubber in the market. The prices of the commercially essential RSS four variety are at a five-month high of Rs 139 per kg.
CP Krishnan, whole-time director of Geofin Comtrade said, “The bullish trend will continue as the demand in China, the largest consumer, is going up”.
The rising crude oil price too has its role in the increase of the rubber prices. The international prices are Rs. 20 above than Indian prices that is making import difficult.
Moreover, the rubber production has been on the rise this year. But as the difference between the international and domestic prices has decreased there are fewer takers for the state government’s price support scheme. “From July 2016, 70,000 farmers joined the price support scheme, taking the total number of beneficiaries to 4.36 lakh,” said Jaydev Anand, deputy director of Rubber Board. A sum of Rs. 596 crore was paid to small growers in the year to June 2016 under the scheme.
Author: Ankit verma
My need for speed began at a very early age and I realised this as soon as I got my first bicycle at the age of 8. When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I’m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.
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Sounds interesting and it turns out a mention on Boing Boing already had it on my to-read list.