The Central Arecanut and Cocoa Marketing and Processing Cooperative (CAMPCO) Ltd., Mangaluru, which also markets rubber, has appealed to Chief Minister Siddaramaiah to extend minimum support price to rubber growers in Karnataka on the lines of Kerala as the price of natural rubber slumped by over 42% in the past more than a decade.
In a letter to the Chief Minister on September 18, 2023 its president A. Kishore Kumar Kodgi said that the price of natural rubber drastically declined from ₹242 a k.g. in 2011 to ₹140 a k.g. in 2023 (a drop by 42.15 % or ₹102 per a k.g.).
“Rubber growers in Karnataka are facing disastrous situation due to the steep fall in price,” Mr. Kodgi who heads the multi-state cooperative society of Karnataka and Kerala said.
