New government showing signs of economic
reforms and brings in transparency in governance, the World Bank feels that India
could achieve an economic growth rate of 5.5% this year as compared to 4.7%
last year.
The auto industry produced a total 1,990,010
vehicles including passenger vehicles, commercial vehicles, three wheelers and
two wheelers in May 2014 as against 1,742,939 in May 2013, registering a growth
of 14.18% over the same month last year.
The sales of passenger vehicles declined by 3.46%,
commercial vehicles segment registered a de-growth of 19.69%, three wheelers
sales grew by 5.29% and two wheelers registered a sales growth of 14.03% in
April-May 2014 over the same period of 2013. In April-May 2014, overall
automobile exports grew by 22.23%.
According to Rubber Board data, natural
rubber production during April-May 2014 dropped 7% to 104,000 tonnes compared
with 112,000 tonnes during the same period of 2013. While consumption had a
slight increase of 0.4% at 165,000 tonnes, compared to 164,305 tonnes in April–May
2013. Natural rubber imports were up 80% during the April–May 2014 period
compared with the same period in 2013-14. A sharp drop in the international
prices of natural rubber over the local prices is the chief reason for the rise
in imports. While exports put up a poor show, dropping 98% to just 40 tonnes,
compared to 1,723 tonnes exported during the April-May 2013 period.
Today, the benchmark RSS4 grade rubber closed
at `.145.50 a kg at Kottayam, while RSS3 grade closed at `.122.91
a kg at Bangkok and Malaysian SMR20 closed at `.98.94 a kg. On
National Multi Commodity Exchange, June 2014 futures were trading at `.142.75
a kg, July at `.144.35, August at `.142.22, September at
`.141.70 and October at `.140.75 a kg, while
Mini Rubber contract for June at `.141 a kg. On Tokyo
Commodity Exchange, June 2014 futures series closed at ¥188.5 a kg, July at ¥189.8,
August at ¥191.6, September at ¥195.5, October at ¥198.1 and the contract for
delivery in November 2014 closed at ¥199.9 a kg.
What our readers say: http://rubber4u.com/Public/Views.pdf
No comments:
Post a Comment