Thursday, February 27, 2014

Rubber imports to cross 3 lakh tonnes


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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