The government of India has welcomed
suggestion of having a national policy for rubber and is considering formulation
of a national policy rubber on the lines of national policies for petroleum,
textiles and IT. The development commissioner for rubber in the Ministry of
Commerce J S Deepak has asked the industry to work out the details of national
rubber policy (NRP).
RSS4 grade closed at `.157
a kg at Kottayam, while National Multi Commodity Exchange November futures closed
at `.160.59 a kg, December at `.161.24 and January
2014 at `.163.32 a kg. RSS3 grade closed at `.158.08
a kg at Bangkok and Malaysian SMR20 closed at `.145.45 a kg. While
Tokyo Commodity Exchange, November futures series closed at ¥248.5 a kg,
December at ¥250.2, January 2014 at ¥251.9, February at ¥254.4, March at ¥256.6
and the contract for delivery in April 2014 at ¥258.6 a kg. On Wednesday most
probably market is expected to be in green.
What
our readers say: http://rubber4u.com/Public/Views.pdf
Read
lot more in Rubber4U – 15th November 2013 issue
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