India’s natural rubber imports will
rise by 47% to touch a new all-time high of 3.2 lakh tonnes in 2013-14,
compared to 2.17 lakh tonnes registered in 2012-13. According to a senior
rubber board official, natural rubber import contracts were made during June to
October period, when the prices in the international market were down by `.35
per kg, compared to domestic prices. Till last week, the inward shipments of
natural rubber were at 2.9 lakh tonnes.
On Thursday, the benchmark RSS4 grade rubber
closed at `.147 a kg at Kottayam. RSS3 grade closed at `.132.77
a kg at Bangkok and Malaysian SMR20 closed at `.112.70 a kg. On Tokyo
Commodity Exchange, March 2014 futures series closed at ¥215.3 a kg, April at
¥217.7, May at ¥220.5, June at ¥220.2, July at ¥218.5 and the contract for
delivery in August 2014 closed at ¥218.2 a kg. On Wednesday, National Multi
Commodity Exchange, March 2014 futures closed at `.147.41 a kg, April
at `.151.48, May at `.154.72, June at `.155.61,
and July at `.156.30 a kg.
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