The Indian government recently reduced the tariff rate of natural rubber imports below 40,000 tons to 7.5%, in order to expand the supply of natural rubber in India and curb rising natural rubber prices.

From December 23, 2010 to March 31, 2011, India's natural rubber import tariff rate will be reduced from 20% to 7.5%. The Indian Central Taxation Commission (CBEC) stated that from April 1, 2011, India’s natural rubber import tariff rate may be restored to 20%, or 20 rupees per kilogram of natural rubber will be charged. At that time, India’s natural rubber import tariff will be two The lower of them.

George Vally, President of the Indian Rubber Distributors Association, said: "Due to tight supply, natural rubber prices in India are constantly rising. International natural rubber prices have risen to Rs 222 per kilogram."

Due to continuous rains in Kerala and Malabar in India in the past few months, natural rubber prices have continued to rise. On December 23, 2010, the natural rubber price of Kerala in India rose to 207 rupees per kilogram.