[Industry News]: India moves to stabilize rubber prices: 5 rupees per kilogram of export film
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March 21, 2024, 8:38 AM The Rubber Board of India recently announced an important measure aimed at stabilizing Chinese rubber prices and promoting exports. Under the plan, the Rubber Board of India will provide an incentive of Rs 5 per kilogram of film exports, with the implementation period from March 15 to June 30. In order to effectively implement this plan, the Rubber Bureau has also established an export promotion group to solve various problems that may be encountered in the export process and provide comprehensive support to exporters.
This incentive measure is undoubtedly good news for Indian rubber exporters. M Vasanthagesan, executive director of the Rubber Board of India, said he expects exporters and companies to make full use of this opportunity and actively explore more export markets, thereby further stabilizing the price of natural rubber in China.
According to the Carbon Black Industry Network, the decision was made at the last meeting of the Indian Rubber Board. The main purpose of the meeting was to assess the current market situation and explore future export opportunities. The conference attracted more than 60 exporters, including Rubber Bureau companies, to actively participate. In order to receive this reward, exporters need to have a valid registration and membership certificate issued by the Rubber Board and register to use the Indian Natural Rubber Mark. The implementation of this incentive will help offset the additional costs incurred by exporters in the brand promotion process.