RUBBER TRADERS FACE RS 400 CR LOSS AS STOCKS PILE UP

Kottayam: With the markets coming to a standstill due to the lockdown declared amid coronavirus outbreak, rubber trade was badly affected. Products of 4500 traders worth Rs 400 crore have piled up. Also it has been two weeks since tyre companies stopped collecting raw materials, adding to the agony. Many of the traders were engaged in the business taking overdraft from financial institutions. They will face huge loss in terms of interest. Somet...

Mathrubhumi.com (Date:03/28/2020 07:46) Read full article >>

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