ISBN: - 978-93-88936-09-5 2002-03 3958 3859 3761 3621 3402 3122 2003-04 5170 5072 4972 4814 4649 4576 2004-05 5942 5842 5742 5571 5401 5272 2005-06 6404 6303 6203 6068 5865 5717 2006-07 9324 9191 9089 8783 8551 8338 2007-08 9509 9390 9290 9006 8772 8514 5039 3339 6202 4670 7064 5310 7163 5808 10868 8454 10460 8654 2008-09 11146 11046 10946 10775 10547 10076 11977 10387 2009-10 10318 10183 10081 9756 9473 8889 11756 9080 2010-11 15015 17352 17245 16908 16405 15570 11207 15865 2011-12 23096 22667 22201 21668 21238 20478 13349 20967 2012-13 19399 19053 18724 18439 18002 17484 12174 17625 2013-14 18522 17865 17162 16880 16355 15485 11956 15897 2014-15 15228 15045 14523 14115 13493 10218 8237 12287 Total 167682 167397 164128 160192 155479 146124 140954 151177 Source : Rubber Board, 2015. The table 5.4 exhibits that the Annual average rubber prices (Rs. 100 kg) in domestic market from 2001-02 to 2014-15. Price of latex increased with the increase in the price of RSS grades. Latex price increased by more than 200 percent in the last ten years. In 2001-02, price of latex per 100 kg was Rs. 4105, whereas by 2011-12 the price reaches to Rs. 13349 per 100 kg. By 2014-15 the price of latex declined to Rs. 8237 per 100 kg as shown in the above table. Same trend is visible in the case of ECB2x and ISNR 20 where the price reached to record levels by 2011-12 where the price stood at Rs. 20478 per 100 kg in the case of ECB2x and Rs. 20967 per 100 kg of ISNR20. Later, similar to RSS grade rubber price, the price of ECB2x and ISNR 20 declined almost by 40 percent by the end of 2014-15. .5.6 INTERNATIONAL RUBBER SCENARIO The first International Natural Rubber Agreement was signed in 1979 under the auspices of the United Nations Conference on Trade and Development (UNCTAD) and then renegotiated in the mid-1980s (1987 Agreement) and during 1994-1995 (1995 Agreement). The Agreement was managed by the International Natural Rubber organization (INRO), headquartered in Kuala Lumpur, Malaysia. The 1979 Agreement had as member’s seven exporting countries accounting for about 95 per cent of world exports and 25 importing countries. The objective of the 1979 agreement was to reduce excessive price fluctuations around the trend in rubber market prices. Exporting countries also stressed the need to support prices at levels considered remunerative to producers and to help to stabilise export earnings and increase these earnings based on expanded export volumes. Basic differences between importing and exporting countries for NR led to wide divergences in negotiations, particularly as regards price level. 5.7 IMPORT OF NATURAL RUBBER: India had been an importer of NR as result of the faster growth of the rubber goods manufacturing industries in the country. NR can be imported to India free of licence from 1 April 139
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