Sunday, December 29, 2013

New Year to bring cheer

Depreciated currency, combined with economic revival in the US and EU could translate to robust business opportunities for Indian exporters in 2014. Global rubber surplus seen expanding as production outpaces demand. Taking current scenario into consideration, a rebound in Indian natural rubber price in the coming months is highly anticipated.

On Saturday, RSS4 grade closed at `.163 a kg at Kottayam, while National Multi Commodity Exchange January 2014 futures closed at `.165.90 a kg, February at `.168.57 and March at `.171.60 a kg. While on Friday RSS3 grade closed at `.157.49 a kg at Bangkok, while Malaysian SMR20 closed at `.142.08 a kg. Tokyo Commodity Exchange, January 2014 futures series closed at ¥279.8 a kg, February at ¥274.7, March at ¥275.3, April at ¥275.4, May at ¥276.2, and the contract for delivery in June 2014 at ¥277.3 a kg.

Read lot more in New Year, Rubber4U – 1st January 2014 issue

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