Depreciated currency, combined with economic
revival in the US and EU could translate to robust business opportunities for
Indian exporters in 2014. Global rubber surplus seen expanding as production
outpaces demand. Taking current scenario into consideration, a rebound in Indian
natural rubber price in the coming months is highly anticipated.
On Saturday, RSS4 grade closed at `.163
a kg at Kottayam, while National Multi Commodity Exchange January 2014 futures closed
at `.165.90 a kg, February at `.168.57 and March at `.171.60
a kg. While on Friday RSS3 grade closed at `.157.49 a kg at
Bangkok, while Malaysian SMR20 closed at `.142.08 a kg. Tokyo
Commodity Exchange, January 2014 futures series closed at ¥279.8 a kg, February
at ¥274.7, March at ¥275.3, April at ¥275.4, May at ¥276.2, and the contract
for delivery in June 2014 at ¥277.3 a kg.
What
our readers say: http://rubber4u.com/Public/Views.pdf
Read
lot more in New Year, Rubber4U – 1st January 2014 issue
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