{"id":2491,"date":"2017-01-09T14:19:40","date_gmt":"2017-01-09T08:49:40","guid":{"rendered":"http:\/\/www.tyremarket.com\/tyremantra\/?p=2491"},"modified":"2019-12-19T13:58:20","modified_gmt":"2019-12-19T08:28:20","slug":"sombre-growth-expected-for-tyre-industry-due-to-rise-rubber-prices","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/sombre-growth-expected-for-tyre-industry-due-to-rise-rubber-prices\/","title":{"rendered":"Sombre Growth Expected For Tyre Industry Due To Rise In Rubber Prices"},"content":{"rendered":"

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.<\/p>\n

CP Krishnan, whole-time director of Geofin Comtrade said, \u201cThe bullish trend will continue as the demand in China, the largest consumer, is going up\u201d.<\/p>\n

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.<\/p>\n

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. \u201cFrom 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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…<\/p>\n","protected":false},"author":4,"featured_media":2349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[1001,996,1470,1216,442,390,554],"class_list":["post-2491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-auto-news","tag-car-news","tag-rubber-board","tag-rubber-industry-news","tag-rubber-prices","tag-tyre-industry-news","tag-tyre-news"],"yoast_head":"\r\nNews: Sombre Growth Expected For Tyre Industry Due To Rise In Rubber Prices<\/title>\r\n<meta name=\"description\" content=\"The tyre industry in the first half of the year 2017 is going to see a subdued growth. 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