The crisis that has enveloped the wide belt of rubber plantations in Kerala finally looks set to fade away with tyre manufacturing companies, the biggest consumers of natural rubber (NR) in the country, set to resume procurement of the material from the domestic market.
In a meeting convened by the Rubber Board here on Tuesday, tyre majors expressed their willingness to procure during the upcoming peak production season. The total procurement this time, according to them, will not be less than the volume purchased during the same period last year.
The discussion was organised by the Rubber Board in view of a continuing free fall of natural rubber prices, the impact of which has begun reflecting on the daily lives of growers.
