The fall in the natural rubber prices in domestic market is because of speculation as well as international future markets and slowdown in demand. Today the price of RSS3 grade natural rubber in the international market at Bangkok closed at Rs 207.33 per kg., SMR-20 closed at 198.75 a kg at Kuala Lumpur and on the other hand domestic RSS4 grade closed at Rs. 208.50 a kg at Kottayam. At the National Multi Commodity Exchange (NMCE), rubber future prices for October delivery closed at Rs 209.83 per kg. At Tokyo Commodity Exchange futures prices for October delivery closed at 290 yen/kg.
In the first quarter of the current fiscal, NR imports doubled to 38,233 tonnes from 19,118 tonnes during the same quarter of previous fiscal. Now we have to wait and see what will the natural rubber import situation in the 3rd quarter.
Read lot more in Rubber4U – 1st October 2011 issue
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