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A high-power committee presided over by Kerala Chief Minister Oommen Chandy has decided to procure rubber from growers at a price that will be ₹1 higher than the price fixed by the Rubber Board. The procurement will continue till the price touches ₹171 a kg for the RSS 4 grade.
The Kerala Cabinet will decide the agency which will be entrusted the responsibility to procure rubber. To a question raised in the State Assembly Finance Minister K M Mani said that the State had allocated ₹10 crore for rubber procurement. The Government will write to the Centre to stop zero duty imports under the advance license scheme for six months.
State Ministers, MPs, MLAs, top officials of the Rubber Board, National Agricultural Cooperative Marketing Federation, State Marketing Federation, Rubber Marketing Federation and Indian Rubber Dealers Federation attended the high-power committee convened by Chandy.
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