A conference has been organised by Karnataka
Rubber Planters Association (KRPA) in view of various issues being faced by
rubber growers, especially after the steep fall in the prices of natural rubber
in the last several years, on 18th October 2019 at the Dakshina Kannada
District Central Cooperative Bank Hall, Kodialbail, Mangaluru at 11 a.m.
K.N. Raghavan, Executive Director of
Rubber Board of India will inaugurate the conference, which will discuss
subsidy issues, demand for minimum support price, issues related to tapping of
latex and the like, according to N. Sharath Bhandary, president of KRPA.
The
benchmark RSS4 grade rubber closed at `.120 a kg at
Kottayam, while RSS3 grade closed at `.103.42 a kg
at Bangkok and Malaysian SMR20 closed at `.92.47 a kg.
On ICEX, November 2019, the futures closed at `.119.64 a
kg, December at `.120.06, January 2020 at `.124.53, February
at `.125.77, March at `.127.03 and April
closed at `.128.30 a kg. Tokyo Commodity Exchange October 2019
futures series closed at ¥149.1 a kg, November at ¥151.8, December at ¥156, January
2020 at ¥157.5, February at ¥160.8 and the contract for delivery in March 2020
closed at ¥162.6 a kg. On Thurday, most probably Tocom futures contract for
delivery in March may trade in the range of ¥162 & ¥166 a kg.
