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Thursday, May 22, 2025
Rajakantham, a farmer from Peruvembil in Palakkad district, standing next to a lush paddy field, says contently, “I've been in farming for half a century. There have been profits, and there have been losses. Crop failures and price drops have been disheartening. But ultimately, farming has now
The rubber, which hovered around 350 Japanese Yen per kilo at the start of the week in the Japanese market, fluctuated this week due to a wave of negative news. The fear that America's high tariff announcement will negatively impact the Chinese automobile sector deterred investors from rubber.
The extreme summer conditions have led small-scale farmers to suspend tapping, significantly reducing production.
The government issued the order a day after the centre announced incentive for export of rubber sheets.
The LDF manifesto had committed to increase the support price to Rs 250.
ED said, Rubco is not a sustainable entity because of its mounting interest liabilities and widening losses.
The Thalassery Archbishop has urged the government to settle the farmers' arrears before disbursing salaries to employees next month.
Finance Minister K N Balagopal, in a statement, said the subsidy would benefit 1,45,564 rubber cultivators in the state.
The meeting is significant as it happened days after the top cleric highlighted the plight of rubber farmers.
The rubber growers have begun to receive the subsidy amount through their bank accounts. All subsidies due till February 28 have been allotted in the current instalment, the office of the State Finance Minister said.
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