Kerala Revised Budget: rubber support price raised to ₹250 amid record market highs
The Kerala government has increased the rubber support price to ₹250 per kg in its latest budget, despite current market prices already exceeding this level. The move is intended to boost farmer confidence and fulfill a key election promise, though it has sparked political debate regarding the extent of the support.
Why it matters
This policy reflects the intersection of agricultural economics and political strategy in a region heavily dependent on plantation crops.
At a time when rubber prices are scaling record highs in both domestic and international markets, the maiden Budget presented by Chief Minister V.D. Satheesan has delivered a major boost to Kerala’s plantation sector by raising the support price under the Rubber Production Incentive Scheme (RPIS) to ₹250 per kg, the steepest increase since the scheme was introduced 11 years ago.
The article balances the government's stated intent with the political criticism from opposition figures.
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