Friday, March 25, 2016

Initiative by Indonesia

At the launch of a replanting program the Indonesian government said government agencies and state owned companies will buy 500,000 tonnes of locally produced rubber to help support rubber prices. The government gave no details on the timing of the purchases. The government would provide subsidised loans to farmers to replant 1 million hectares of rubber plantation between 2016 and 2019.

The benchmark RSS4 grade rubber closed at `.113 a kg at Kottayam, while RSS3 grade closed at `.101.36 a kg at Bangkok and Malaysian SMR20 closed at `.87.19 a kg. On National Multi Commodity Exchange April 2016, the futures closed at `.116.61 a kg, May at `.118.39 and June 2016 closed at `.119.33 a kg. Tokyo Commodity Exchange March 2016 futures series closed at ¥167 a kg, April at ¥166, May 2016 at ¥168.4, June at ¥170, July at ¥173 and the contract for delivery in August 2016 closed at ¥175.3 a kg.

To read Rubber4U – 1st April 2016 issue:
For 2015-16 Rubber Forecast:

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