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Rubber farming is facing a significant crisis due to decreased latex production in Alakkode.
Rubber farmers crisis is currently impacting farmers due to rainfall and climate change.
Plantations across the high-range region here are standing bare, with tapping halted for months.
Rubber growers will receive ₹75,000 per hectare. Cardamom growers will be eligible for ₹1 lakh per hectare.
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.
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