Harri. Malayalam (HARRMALAYA) Share News & Alerts
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Growers seek status quo on import duty on natural rubber
▲ Bullish +2.15%
As a major domestic producer of natural rubber, Harrisons Malayalam benefits directly from the retention of high import duties (currently 25%) which protects domestic pricing power against cheaper imports. With global and domestic supply shortages driving a 'modest upward trend' in prices, the company is positioned for a positive swing in realizations over the next 1-3 months. Maintaining the status quo on duties ensures their revenue margins remain insulated from international competition during this supply crunch.
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