KOCHI (Commodity Online) : With current rubber plantations in India maturing or getting old, Harrisons Malayalam, India’s largest rubber plantation and top producer of natural rubber is scouting Ethiopia, Cameroon, Ghana and Indonesia for acquiring fresh plantations.
Besides, HM have plans for India’s North Eastern state of Tripura, where the conditions have been proven to be ideal for rubber plantations.
The company already owns 7000 ha in plantations but is producing only half of its total annual capacity of 10,000 tons, reported The Financial Express.
HM may opt for a JV or leasing of land to the tune of 10,000 ha, as demand from tyre, latex, sports good and glove manufacturers surge.
Natural rubber deficit in India is expected to surge to 5,00,000 tons by 2015 as against the current 1.5 lakh tons. The company expects the prices of rubber to stay above Rs.200 levels.
It intends to plant RR11 400, 429, 430 in the proposed plantations besides carrying out re-plantation of RR11400 series that would provide 25% additional yield.
Back in 2010, the India government had announced it would spare no efforts in helping companies and corporations to acquire land in countries like Africa for plantation and farming purposes.
Thursday, January 27, 2011
Harrisons Malayalam scouting Africa for new rubber plantations
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