India raises natural rubber import duty by 50 pct

Newswire

MUMBAI, Dec 23 (Reuters) - India has raised import duties on natural rubber by 50 percent to curb rising imports that pushed local prices to their lowest in 3-1/2 years, the government said in a statement. The government has fixed import duty at 30 rupees per kg, or 20 percent, whichever is lower, the statement said. India, the world's fourth largest rubber producer, was earlier charging a duty of 20 rupees per kg, or 20 percent, whichever was lower. Domestic ...

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