Saturday, May 23, 2015

Proposal to strengthen natural rubber price

Association Natural Rubber Producing Countries (ANRPC) Assembly which was held in Kuala Lumpur recently agreed to submit concrete proposals to strengthen the price structure for natural rubber. The issue will be reviewed again at next annual ANRPC Assembly to be held in October 2015.

The benchmark RSS4 grade rubber closed at `.125 a kg at Kottayam, while RSS3 grade closed at `.117.78 a kg at Bangkok and Malaysian SMR20 closed at `.96.51 a kg. On National Multi Commodity Exchange June 2015 futures closed at `.126.31 a kg, July at `.128.62 and August at `.129.02 a kg. On Tokyo Commodity Exchange, May 2015 futures series closed at ¥208.4 a kg, June at ¥210.2, July at ¥212, August at ¥213.1, September at ¥215.2 and the contract for delivery in October 2015 closed at ¥217.7 a kg.

To read Rubber4U – 1st June 2015 issue:

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