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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