Lok Sabha Question No. 1301 (UNSTARRED), answered on 2024-12-03
Subject: Price of Natural Rubber
Ministry: COMMERCE AND INDUSTRY
Asked by: Shri Anto Antony

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF COMMERCE)

## LOK SABHA UNSTARRED QUESTION NO. 1301 ANSWERED ON 03/12/2024

## PRICE OF NATURAL RUBBER

## 1301.  SHRI ANTO ANTONY:

Will the Minister of COMMERCE & INDUSTRY ( वाणिज्य एवं उद्योग मं त्री ) be pleased to state:

(a) whether the Government has any statistics regarding the average price of natural rubber in the international and domestic markets, if so, the details thereof, month/market-wise;

(b) whether  the  price  of  natural  rubber  has  touched  Rs.  240/kg  in  the  domestic  market  and crashed to Rs. 160/kg recently, if so, the details thereof along with reasons for sudden price rise and price fall of natural rubber in the domestic market; and

(c) whether  the  Government  has  statistics  regarding  the  import  of  natural  rubber  and  the revenue  generated  through  imports  of  natural  rubber  and  if  so,  the  details  of  the  revenue generated during the last six months, month and country-wise?

## ANSWER

वाणिज्य और उद्योग मंत्रालय में मंत्री ( श्री पीयूष गोयल ) THE MINISTER OF  COMMERCE AND INDUSTRY

## (SHRI PIYUSH GOYAL)

(a) & (b) Average  prices  of  natural  rubber  in  the  domestic  and  international  markets  are attached at Annexure I. The price of natural rubber is determined in the open market based on demand and supply. The International rubber prices also influences the domestic prices.

(c) The  details  regarding  quantum  of  natural  rubber  imported  and  import  duty  collected during the last six months are attached at Annexure II.

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## Annexure I

## Annexure referred to in reply to Part (a) of Lok Sabha Unstarred Question No. 1301 for answer on 03.12.2024.

| Price of Natural Rubber in the domestic and international markets (Rs/100 Kg)   | Price of Natural Rubber in the domestic and international markets (Rs/100 Kg)   | Price of Natural Rubber in the domestic and international markets (Rs/100 Kg)   | Price of Natural Rubber in the domestic and international markets (Rs/100 Kg)   | Price of Natural Rubber in the domestic and international markets (Rs/100 Kg)   | Price of Natural Rubber in the domestic and international markets (Rs/100 Kg)   | Price of Natural Rubber in the domestic and international markets (Rs/100 Kg)   |
|---------------------------------------------------------------------------------|---------------------------------------------------------------------------------|---------------------------------------------------------------------------------|---------------------------------------------------------------------------------|---------------------------------------------------------------------------------|---------------------------------------------------------------------------------|---------------------------------------------------------------------------------|
| Year/ Month                                                                     | Sheet rubber                                                                    | Sheet rubber                                                                    | Block rubber                                                                    | Block rubber                                                                    | Latex (60% drc)                                                                 | Latex (60% drc)                                                                 |
| Year/ Month                                                                     | Domestic (RSS 4 Kottayam)                                                       | Internati-onal (RSS 3 Bangkok)                                                  | Domestic (ISNR 20 Kottayam)                                                     | Internat-ional (SMR 20 Kuala Lumpur)                                            | Domestic (Kottayam)                                                             | International (Kuala Lumpur)                                                    |
| April 2023                                                                      | 15100                                                                           | 14322                                                                           | 13158                                                                           | 11181                                                                           | 11628                                                                           | 9341                                                                            |
| May                                                                             | 15796                                                                           | 14485                                                                           | 12785                                                                           | 11219                                                                           | 11992                                                                           | 9052                                                                            |
| June                                                                            | 15470                                                                           | 13999                                                                           | 12274                                                                           | 10980                                                                           | 12402                                                                           | 8983                                                                            |
| July                                                                            | 15394                                                                           | 13356                                                                           | 13213                                                                           | 10790                                                                           | 13105                                                                           | 8896                                                                            |
| August                                                                          | 14724                                                                           | 12839                                                                           | 12633                                                                           | 10780                                                                           | 12029                                                                           | 8608                                                                            |
| September                                                                       | 14667                                                                           | 13163                                                                           | 12876                                                                           | 11844                                                                           | 10983                                                                           | 8672                                                                            |
| October                                                                         | 14992                                                                           | 13893                                                                           | 13430                                                                           | 12089                                                                           | 11502                                                                           | 9480                                                                            |
| November                                                                        | 15352                                                                           | 14193                                                                           | 13698                                                                           | 12363                                                                           | 11160                                                                           | 9918                                                                            |
| December                                                                        | 15198                                                                           | 14431                                                                           | 13348                                                                           | 12186                                                                           | 10784                                                                           | 9766                                                                            |
| January 2024                                                                    | 15913                                                                           | 16247                                                                           | 13868                                                                           | 12817                                                                           | 11511                                                                           | 10566                                                                           |
| February                                                                        | 16518                                                                           | 18285                                                                           | 14448                                                                           | 12997                                                                           | 12104                                                                           | 12082                                                                           |
| March                                                                           | 17734                                                                           | 21239                                                                           | 15353                                                                           | 13713                                                                           | 12771                                                                           | 13234                                                                           |
| April                                                                           | 18229                                                                           | 19826                                                                           | 15878                                                                           | 13594                                                                           | 12987                                                                           | 13033                                                                           |
| May                                                                             | 18311                                                                           | 19370                                                                           | 15546                                                                           | 14180                                                                           | 13270                                                                           | 13333                                                                           |
| June                                                                            | 20067                                                                           | 19388                                                                           | 17158                                                                           | 14691                                                                           | 14185                                                                           | 13956                                                                           |
| July                                                                            | 21065                                                                           | 17353                                                                           | 19250                                                                           | 14097                                                                           | 16233                                                                           | 11737                                                                           |
| August                                                                          | 23754                                                                           | 20994                                                                           | 22276                                                                           | 15091                                                                           | 16203                                                                           | 12245                                                                           |
| September                                                                       | 22924                                                                           | 23510                                                                           | 20381                                                                           | 16426                                                                           | 13953                                                                           | 13598                                                                           |
| October                                                                         | 19808                                                                           | 22436                                                                           | 17900                                                                           | 17395                                                                           | 13199                                                                           | 14861                                                                           |

Source: Rubber Board

## Annexure II

## Annexure referred to in reply to Part (c) of Lok Sabha Unstarred Question No. 1301 for answer on 03.12.2024.

|   S. No. | Month Name   |      CTH |         Quantity | Unit   | Standard Quantity      | Standard Unit   |   Assessable Value (In Rs.) |   Total Duty (in Rs.) |
|----------|--------------|----------|------------------|--------|------------------------|-----------------|-----------------------------|-----------------------|
|        1 | May          | 40011020 | 209000           | KGS    | 209000.00              | KGS             |                 2.59978e+07 |           1.56615e+06 |
|        2 | May          | 40012100 |      1.2717e+06  | KGS    | 1271698.00             | KGS             |                 1.96418e+08 |           7.44361e+06 |
|        3 | May          | 40012100 |    564.4         | MTS    | 564400.00              | KGS             |                 9.62669e+07 |           0           |
|        4 | May          | 40012200 |      3.04102e+07 | KGS    | 30531180.00            | KGS             |                 4.29061e+09 |           6.09666e+08 |
|        5 | May          | 40012200 |   8179.92        | MTS    | 8179920.00             | KGS             |                 1.22454e+09 |           1.18858e+08 |
|        6 | May          | 40012910 |      0.3         | PCS    | 0.02                   | KGS             |                66.86        |          13.7         |
|        7 | May          | 40012920 |  16000           | KGS    | 16000.00               | KGS             |                 3.57239e+06 |      622140           |
|        8 | May          | 40012930 |     38.33        | MTS    | 38330.00               | KGS             |                 2.15125e+06 |      728735           |
|        9 | May          | 40012990 | 237016           | KGS    | 237015.66              | KGS             |                 3.48733e+07 |      253653           |
|       10 | May          | 40012990 |    229.32        | MTS    | 229320.00              | KGS             |                 3.25991e+07 |           2.00833e+06 |
|       11 | May          | 40012990 |      0.8         | PCS    | 0.80                   | KGS             |             39680.4         |        2011.7         |
|       12 | June         | 40011020 | 628000           | KGS    | 628000.00              | KGS             |                 7.26884e+07 |           3.01558e+06 |
|       13 | June         | 40011020 |     86           | MTS    | 473000.00              | KGS             |                 9.50017e+06 |           0           |
|       14 | June         | 40012100 |      2.62841e+06 | KGS    | 2628408.00             | KGS             |                 3.95391e+08 |           2.57267e+07 |
|       15 | June         | 40012100 |    403.2         | MTS    | 403200.00              | KGS             |                 6.3739e+07  |           3.48288e+06 |
|       16 | June         | 40012200 |      2.6707e+07  | KGS    | 26724362.00            | KGS             |                 3.85507e+09 |           5.10413e+08 |
|       17 | June         | 40012200 |   5576.76        | MTS    | 5576760.00             | KGS             |                 8.44687e+08 |           8.47649e+07 |
|       18 | June         | 40012990 |  71220.5         | KGS    | 71220.54               | KGS             |                 1.2822e+07  |      492496           |
|       19 | June         | 40012990 |     95.82        | MTS    | 95820.00               | KGS             |                 1.07413e+07 |      835393           |
|       20 | June         | 40012990 |  16200           | NOS    | 61.29                  | KGS             |            170967           |       57915.2         |
|       21 | June         | 40013000 |   1000           | KGS    | 1000.00                | KGS             |                 1.26028e+06 |      208577           |
|       22 | July         | 40011010 |     10           | NOS    | 4.00                   | KGS             |              5594.12        |        4802.6         |
|       23 | July         | 40011020 |  18000           | KGS    | 18000.03               | KGS             |                 3.30615e+06 |           2.83833e+06 |
|       24 | July         | 40012100 |      3.77945e+06 | KGS    | 3779450.00             | KGS             |                 5.98697e+08 |           3.64868e+07 |
|       25 | July         | 40012100 |   1302.4         | MTS    | 1302400.00             | KGS             |                 2.45369e+08 |           4.03304e+07 |
|       26 | July         | 40012100 |      5           | NOS    | 2.90                   | KGS             |              1164.04        |         231.5         |
|       27 | July         | 40012200 |      3.14148e+07 | KGS    | 31414840.00            | KGS             |                 4.75475e+09 |           5.68575e+08 |
|       28 | July         | 40012200 |  10681.8         | MTS    | 10681800.00            | KGS             |                 1.76013e+09 |           1.9644e+08  |
|       29 | July         | 40012990 | 376264           | KGS    | 376264.30              | KGS             |                 6.01702e+07 |           1.29664e+06 |
|       30 | August       | 40011010 |      5           | UNT    | 1.00                   | KGS             |            112937           |       96956.4         |
|       31 | August       | 40011020 |      1.778e+06   | KGS    | 1778000.00             | KGS             |                 2.14534e+08 |           6.95544e+06 |
|       32 | August       | 40011020 |    482.5         | MTS    | 472105.00              | KGS             |                 6.85484e+07 |           0           |
|       33 | August       | 40012100 |      6.70207e+06 | KGS    | 6702068.00             | KGS             |                 1.25037e+09 |           1.06954e+08 |
|       34 | August       | 40012100 |   5494.24        | MTS    | 5494236.00             | KGS             |                 1.0954e+09  |           2.16403e+08 |
|       36 | August       | 40012200 |      4.13289e+07 | KGS    | 41517862.16            | KGS             |                 6.67989e+09 |           9.88753e+08 |
|       37 | August       | 40012200 |  12949.3         | MTS    | 12949280.00            | KGS             |                 2.16006e+09 |           3.81213e+08 |
|       38 | August       | 40012930 |  18000           | KGS    | 18000.00               | KGS             |                 4.33744e+06 |      715832           |
|       39 | August       | 40012990 | 246020           | KGS    | 246020.00              | KGS             |                 3.93506e+07 |           4.56657e+06 |
|       40 | August       | 40012990 |     21           | MTS    | 21000.00               | KGS             |                 3.7622e+06  |      222760           |
|       41 | September    | 40011020 |      1.0398e+06  | KGS    | 1039800.00             | KGS             |                 1.21142e+08 |           3.01368e+06 |
|       42 | September    | 40011020 |    371           | MTS    | 371000.00              | KGS             |                 4.63107e+07 |           9.76215e+06 |
|       43 | September    | 40012100 |      6.55357e+06 | KGS    | 6553572.00             | KGS             |                 1.22301e+09 |           1.19868e+08 |
|       44 | September    | 40012100 |   4551.18        | MTS    |                        |                 |                 9.00954e+08 |           1.69627e+08 |
|       45 | September    | 40012200 |      3.69818e+07 | KGS    | 4551180.00 37001162.00 | KGS KGS         |                 6.14624e+09 |           1.06303e+09 |
|       47 | September    | 40012200 |  13215.5         | MTS    | 13040400.00            | KGS             |                 2.25511e+09 |           4.57041e+08 |

|   48 | September   |   40012990 |        620271.28 | KGS   |        620271.28 | KGS   |     107222738.27 |       9834435.00 |
|------|-------------|------------|------------------|-------|------------------|-------|------------------|------------------|
|   49 | September   |   40012990 |     80.64        | MTS   |  80640           | KGS   |      1.04003e+07 | 653071           |
|   50 | September   |   40012990 |      1           | NOS   |      1           | KGS   |   4641.66        |    266.7         |
|   51 | September   |   40013000 |    143.6         | KGS   |    143.6         | KGS   |      1.57937e+06 | 265229           |
|   52 | October     |   40011020 | 258000           | KGS   | 258000           | KGS   |      3.53675e+07 |      2.77216e+06 |
|   53 | October     |   40011020 |    286           | MTS   | 286000           | KGS   |      3.25211e+07 |      0           |
|   54 | October     |   40012100 |      6.03639e+06 | KGS   |      6.03639e+06 | KGS   |      1.20497e+09 |      1.64122e+08 |
|   55 | October     |   40012100 |   1439.41        | MTS   |      1.43941e+06 | KGS   |      3.09665e+08 |      2.18671e+07 |
|   56 | October     |   40012200 |      3.50671e+07 | KGS   |      3.50671e+07 | KGS   |      5.74054e+09 |      8.15717e+08 |
|   58 | October     |   40012200 |  10313.4         | MTS   |      1.03134e+07 | KGS   |      1.73781e+09 |      2.07844e+08 |
|   59 | October     |   40012990 | 319031           | KGS   | 319031           | KGS   |      6.20392e+07 |      1.05516e+07 |
|   60 | October     |   40012990 |   1019.36        | MTR   |     42.71        | KGS   | 535164           |  62079.1         |
|   61 | October     |   40012990 |     82.32        | MTS   |  82320           | KGS   |      1.20973e+07 | 740695           |
|   62 | October     |   40013000 |      6           | NOS   |      3           | KGS   |   1235.16        |    204.5         |

Source: Department of Revenue

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