Wednesday, September 11, 2013

Growers called off protest


Thailand government has promised a subsidy that should lift farmers income to around 90 baht per kg, versus a market price of around 80 baht. The rubber growers have called off planned protest for the weekend after the government doubled its subsidy for production.

Today, at Kottayam, RSS4 grade closed at `.187.50 a kg. RSS3 grade closed at `.172.81 a kg at Bangkok, while Malaysian SMR20 closed at `.158.94 a kg. On the Tokyo Commodity Exchange, September futures series closed at ¥270 a kg, October at ¥270.9, November at ¥273.3, December at ¥276.2, January 2014 at ¥279.8 and the contract for delivery in February 2014 closed at ¥283 a kg. While on the National Multi Commodity Exchange September futures closed at `.188.21 a kg, October at `.185.44, November at `.185.75 and December at `.187.58 a kg. Tommorrow one can expect the market in red.

Read lot more in Rubber4U – 15th September 2013 issue

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