Rubber price slides; Indian government steps in

Oommen_Chandy

Chief Minister Oommen Chandy has said that the government would soon take steps to check the slide in rubber price. A press note issued by the Chief Minister’s Office, after discussions between Mr. Chandy and rubber dealers here on Wednesday evening, quoted him as saying that discussions would be held with the Rubber Board soon on the issue. The Chief Minister said it was regrettable that the farmers were not getting prices notified by the Rubber Board. The price being paid by tyre companies was also not reaching the farmers. The government had reduced the tax on rubber by 5 per cent as part of a rubber price revival package.