Kerala Revised Budget: rubber support price raised to ₹250 amid record market highs

AI Summary

Kerala government raised the rubber support price to ₹250, the largest hike in 11 years under the Rubber Production Incentive Scheme, aiming to support growers and encourage production. However, the increase may not offer immediate financial relief as current market prices already exceed the new support price.

The move, the largest hike since the Rubber Production Incentive Scheme was introduced 11 years ago, aims to reinforce confidence among growers and boost production. However, it may not provide immediate financial relief due to current market prices exceeding the new benchmark.