Weak global cues, rising imports and subdued demand pull down rubber prices in the domestic market. The prices have dropped over 8% to Rs 180 per kg this month.
Declining prices, improved supply and economic turmoil in the overseas markets have pushed down the value of Indian seafood exports by 25-30 % this year although the quantity of shipments may have shown a nominal increase.
Once trumpeted as highly profitable crops, vanilla, saffron, jatropha and safed musli seem to have failed to live up to their promise.
The festival season has failed to bring cheer to the tyre sector because vehicle sales continue to be on the downswing.
Cardamom auctions have come to a standstill for last two weeks due to a stand off between the traders and the Spices Board over the minimum bidding rate.
Heavy inflow of under-invoiced processed cashew kernels has hit the chances of Indian cashew processor-exporters to capitalise on the domestic festival demand.
Pepper production has hit an all-time low while rubber supply is down to a trickle even during the peak tapping season.
Plantation majors such as Kanan Devan Hill Plantations (KDHP), Harrisons Malayalam and AVT are looking at farm tourism , dairying and cultivation of other crops to augment their income.
Rubber industry is warming up to the idea of setting up manufacturing units in Indonesia and SL encouraged by friendly government policies.
Leading gold loan NBFCs, including Muthoot Finance and Manappuram, slash interest rates to retain customers
Major gold-loan NBFCs such as Muthoot Finance and Manappuram have cut interest rates to retain customers in the wake of an RBI stipulation.
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