Consumption of natural rubber during July 2016 increased by 4.3 per cent to 87,000 tonnes, compared to 83,400 tonnes during July 2015
Planters' body claims the move will deprive domestic farmers of price leveraging benefits
The rubber production stood at 6.45 lakh tonnes in the 2014-15 fiscal and the imports were at 4.42 lakh tonnes
Profitability to be hit as prices are up 20 per cent since February