Friday, March 21, 2014

Falling rubber price will be an issue


Kottayam Lok Sabha constituency election campaign is going on in full swing and soaring prices of essential commodities and fall in natural rubber price are some of the issues being highlighted. Kottayam is home to a large number of rubber growers and is also a primary trading centre of natural rubber. There will be tough fight between sitting MP & UDF candidate Jose K. Mani, and the LDF’s JDS nominee Mathew T. Thomas in the upcoming elections.

On 25th March 2014, Bureau of Indian Standards - Kerala region in association with the Rubber Board is organising a meeting of the BIS licensees of natural rubber processing units at Rubber Research Institute of India (RRII), Kottayam, to discuss ways of improving the certification process and the issues related to certification and quality of products.

On Friday, the benchmark RSS3 grade closed at `.140.20 a kg at Bangkok and Malaysian SMR20 closed at `.116.73 a kg, while RSS4 grade at Kottayam closed at `.147.50 a kg. On National Multi Commodity Exchange, April 2014 futures closed at `.144.36 a kg, May at `.147.37, June at `.149.85, July at `.149.97 and August at `.153.10 a kg. On Thursday, Tokyo Commodity Exchange March 2014 futures series closed at ¥245 a kg, April at ¥244.6, May at ¥244.2, June at ¥236.7, July at ¥235.3, and the contract for delivery in August 2014 closed at ¥234.7 a kg.

Read lot more in Rubber4U – 1st April 2014 issue

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