India’s natural rubber production during July
went up 2.6% to 66,000 tonnes, while production during the first four months of
the current financial year was at 240,000 tonnes. Natural rubber imports during
July fell by more than 14% to 17,084 tonnes, while in the first four month import
jumped nearly 27% on year 76,666 tonnes as in first three months tyre makers
aggressively imported natural rubber.
The consumption of natural rubber during July
2012 went up to 83,000 tonnes from 81,210 tonnes a year ago.
On receiving several complaints regarding natural
rubber being smuggled from Kottayam to other states through Kaliyikkavila route,
the Rubber Board has initiated steps to intensify patrolling from its regional
centre in Marthandam-Tamil Nadu, which will check all documents required for
inter-state transportation. Since smuggling cases were on the rise, the Board
has entrusted the job to its flying squad to comb this area.
Today, Indian sheet rubber prices declined to
`.174 per kg. In the
futures market, the August series is currently trading at `.176,
September at `.166.75, and December at `.167.40 a kg on the
National Multi Commodity Exchange. RSS3 grade dropped to `.157.33
a kg at Bangkok. On TOCOM rubber futures, August series closed at ¥211 per kg,
September at ¥211.3, December at ¥217.5 and January 2013 at ¥219 per kg.
According to the International Rubber Study
Group (IRSG), China’s rubber consumption may rise to 8.7 million tonnes in 2012
and 9.1 million tonnes in 2013 up from the figure of 8.3 million tonnes in 2011.
Read
lot more in Rubber4U – 15th August 2012 issue
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