Natural rubber prices have been rising in the domestic and international markets due to news of floods and mudslides in Thailand, which will affect the rubber supply in the markets. Natural rubber today jumped to a all time high price and closed at Rs 243 per kg. at Kottayam, largely on the back of strong global cues.
Kerala has been witnessing summer rains which indicates that tapping would continue and more rubber would be produced, but the farmers are not bringing all their produce to the markets in anticipation that the prices would rise further.
The applicable import duty of Rs 20 a kg or 20%, whichever is lower, will lead to significant cost savings for the domestic rubber goods manufacturing industries and also would help in improving the availability of raw material in the market. The rubber (RSS3 grade) price at Bangkok closed at 266.13 a kg.
Read lot more in Rubber4U – 15th April 2011 issue
No comments:
Post a Comment