HAINAI: The All India Tyre Dealers Federation (AITDF) has asked the road transport ministry to support the road transporters in their demand for reduction in tire prices due to fall in raw material prices, just as the government has addressed the rubber issue. Kerala. As domestic natural rubber prices continue to fall for more than six to seven quarters, the Kerala Chief Minister-cum-Finance Minister will hold a meeting with domestic tire manufacturers on December 12 and 19 to “persuade” the tire industry to pay Rs. per kg to growers. It used to be possible. The current market price of natural rubber is Rs 115 per kilogram.

This was done to help the rubber growers in the state as the price of natural rubber has come down to Rs 1155/kg from the highest price of Rs 242/kg in 2009-100.

The Kerala government has reminded tire manufacturers that the reduction in import duty on natural rubber in 2009 has helped the domestic tire industry. The tire manufacturers want to reduce the import price of rubber from 20% to 7.5%.

Coincidentally, at a function organized by IIFT on December 18, the Union Minister for Commerce and Industry expressed concern over the poor health of rubber growers in Kerala.

“In 2009-2010, the price of natural rubber soared to Rs 242 per kilogram and the prices of some other raw materials also fluctuated sharply. Domestic tire manufacturers raised prices of various tires by 17 to 22 percent. /p Nearly six years and seven quarters ago, the prices of natural rubber, synthetic rubber and other raw materials fell to their lowest levels in five years, with the average weighted decline likely to be 30%. Domestic tire manufacturers will benefit by 35%. Unfortunately, no tire makers, despite the Department of Energy’s request for large domestic tire companies to cut or reduce tire prices in the replacement market.

For rubber growers, the government is seriously concerned about the difficulties caused by the fall in rubber prices, but strangely it makes no mention of the huge trade in tires and the millions of road transport vehicles. The report said there was no need to intervene to “convince” domestic tire manufacturers to lower tire prices.

“The tire industry has always been equidistant from tire manufacturers and consumers and has always been competitive.” AITDF chairman SP Singh said that individual tire manufacturers have the right to take advantage of the rising prices of various investment products in tire manufacturing. Prices of this product.

/Blood.