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Rubber Board Chairperson Sheela Thomas has said the recovery of the natural rubber price, which is currently at a low, is imminent.
“History teaches us that the growth of rubber industry has always been cyclical and a recovery is imminent,” she told a two-day India Rubber Meet which opened here on Thursday.
She said that the natural rubber production sector, dominated by marginal and small holdings, was going through a bearish phase and the rubber-products manufacturing sector was beset with recessionary trends. “There are concerns in all segments of the rubber sector over the low prices of natural rubber and the declining demand for manufactured products,” she said. The rubber meet was opened by Vikram Sreekant Kirloskar, President of the Society of Indian Automobile Manufacturers.
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