Plantation sector seeks higher allocation and loan rejig
January 21, 2021
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Reeling under the impact of changing weather pattern and volatile price trend, the plantation sector in South has sought higher allocation of funds for the Commodity Boards in the Budget 2021-22 for clearing the growers’ dues.
Besides, the labour-intensive sector has also sought a financial package for restructuring of loans for the coffee sector and urged the government to declare minimum support price for the plantation produce among others sops in the Budget.
Prashant Bhansali, President, United Planters Association of South India (Upasi), said the reduction in the budgetary allocation in recent years has affected the plantation sector as the Boards were not in a position to disburse the dues to the growers under various development schemes.
Natural rubber prices stablise after slipping from 6-year high
Rubber Board of India data shows that production picked up in November due to the price uptrend, though it was down during the first seven months of the current fiscal. January 21, 2021 / 06:26 PM IST
Natural rubber prices in India have come down from the six-year peak seen in November and are ruling stable, though a little lower than global rates.
According to the Rubber Board of India, the price of ribbed smoked sheet (RSS) four grade rubber, used by tyre manufacturers, is Rs 153 a kg against the nearly Rs 170 a kg in November.