Taskforce on rubber recommends to treat NR as agricultural product
March 03, 2021
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The taskforce on the rubber sector constituted by the Central Government has recommended that natural rubber be treated as an agricultural product, the State government informed the Kerala High Court.
The taskforce also recommended that the Union Ministry of Agriculture should examine the possibility of including the natural rubber under the MSP scheme.
These submissions were made in a statement filed in response to a writ petition seeking a directive to fix a minimum support price for natural rubber.
The petition also sought to remove natural rubber from the list of industrial crops and classify it as agricultural products such as cotton, jute, tobacco, etc. There had been crash in the prices of rubber in the last few years. This had made the production of rubber unviable and uneconomic.
Updated:
March 03, 2021 18:46 IST
The task force also suggests that the Union Agricultural Ministry should examine scope of including natural rubber under MSP scheme
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The task force also suggests that the Union Agricultural Ministry should examine scope of including natural rubber under MSP scheme
The task force on the rubber sector constituted by the Central government has recommended that natural rubber be treated as an agricultural product, the State government has informed the Kerala High Court.
The task force has also recommended that the Union Agricultural Ministry should examine the possibility of including natural rubber under the MSP scheme.
Spot rubber finished high on Friday. The commodity regained strength on news that the government will increase the guaranteed price of rubber under the Rubber Production Incentive Scheme (RPIS) from ₹