The inadequate allocation of funds to the
Rubber Board of India would have a cascading effect on the activities and
functioning of crucial departments like production, research and extension. The
increasing concerns over the decline in natural rubber production, the
Parliamentary panel has called upon the Finance Ministry to allocate adequate
funds to carry out re-plantations optimally.
According to the China’s Ministry of Commerce
statement, it will start an anti-dumping review on chloroprene rubber imported
from Japan, United States and European Union from 10th May 2016. The review,
which will last till 9th May 2017, the anti-dumping measures will continue to
be effective during the review.
The benchmark RSS4 grade rubber closed at `.135
a kg at Kottayam, while Malaysian SMR20 closed at `.96.28
a kg. On National Multi Commodity Exchange May 2016, the futures closed at `.134.57
a kg, June at `.136.55, July at `.137.28 and August 2016
closed at `.137.30 a kg. Tokyo Commodity Exchange May 2016 futures
series closed at ¥175.5 a kg, June at ¥176.5, July at ¥178.2, August at ¥177.8,
September at ¥178.9 and the contract for delivery in October 2016 closed at ¥180.7
a kg. On Tuesday, most probably Tocom futures contract for delivery in October
2016 may trade in the positive range of ¥178 & ¥184 a kg.
For 2015-16 Rubber Forecast: http://rubber4u.com/Public/RForecast.pdf
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