Due to the increase in the prices of rubber along with limited supply of the commodity, Indian has witnessed a significant increase in the rubber acreage this season. Supported by an exponential growth in the prices of the commodity, farmers across the country even in those region where traditionally rubber farming is not done have taken up rubber farming in a major way.
As per Rubber Board Officials half of the new land that has come under rubber farming in the country has come from states like Orissa, Karnataka, North eastern States and Maharashtra as it is becoming increasingly difficult to find land in Kerala which is India's leading rubber producing state. In many new states rubber is replacing traditional crops as the demand and prices of rubber in increasing both in domestic as well as international markets and giving high returns to farmers. According to officials in Rubber Board, farmers are earning approximately Rs 200 per kg on the sales of scrap rubber.
As per experts, the shortages of commodity in the international market amid increasing demand is driving up the prices of the commodity resulting in a number of farmers taking up rubber plantation. On Monday, the prices of the commodity at international stood at Rs 292.98 per Kg. In domestic market the price of the commodity increased from Rs 139/kg in January 2010 to around Rs 240.50 /kg in 19th February 2011. In addition to this, the shortage of commodity is expected to increase from 85,000 tonne in 2010 to almost 1lakh tonne in 2011.
In India the acreage under rubber in increasing and in the beginning of this decade almost 6,000 hectares have come under rubber plantation. On the contrary almost 22,700 hectares and 30,200 hectares of land have come under rubber plantation in FY 2008 and FY 2009 respectively. In FY 2010 estimated 25,500 hectares of land was added under rubber plantation.
(Source: http://money.oneindia.in/news/2011/02/22/prices-supporting-uptake-rubber-farming-aid0096.html)
No comments:
Post a Comment