Forward Markets Commission has permitted
National Multi Commodity Exchange (NMCE) to launch rubber mini contracts for up
to 5 tonnes from next month to increase the participation of small traders. Currently,
NMCE offers futures trading in rubber contracts with a maximum trading unit of
100 tonnes.
Today, the benchmark RSS4 grade rubber closed
at `.148 a kg at Kottayam. RSS3 grade closed at `.137.89
a kg at Bangkok and Malaysian SMR20 closed at `.111.80 a kg. Malaysian
rubber prices trading at low level following a statement by the Thai
Agriculture Minister Yukol Limlaemthong that the Thai Government is planning to
sell its 200,000 tonnes of rubber stockpile. On Tokyo Commodity Exchange, April
2014 futures series closed at ¥248.8 a kg, May at ¥250.1, June at ¥229.7, July
at ¥224.6, August at ¥224 and the contract for delivery in September 2014
closed at ¥223.1 a kg. On National Multi Commodity Exchange, April 2014 futures
were trading at `.145.40 a kg, May at `.149.28, June at `.151.30
and July at `.152.90 a kg.
What our readers say: http://rubber4u.com/Public/Views.pdf
Read
lot more in Rubber4U – 15th April 2014 issue
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