Natural rubber prices have reached the lowest
point in the last five years and this situation has pushed farmers into deep
financial crisis. The Association of Planters of Kerala attributed the unabated
imports by rubber consuming industries as the main reason for the continuing
free fall of prices and has urged the government to ban rubber imports to
protect the growers from further crisis. If this trend is allowed to continue,
the situation might lead to farmers' suicides, and abandon rubber cultivation
or switch over to other activity.
The United Planters’ Association of Southern
India (Upasi) has welcomed the move to formulate a national rubber policy. Upasi
is of the view that any policy formulation should be inclusive by addressing
the real concerns of the sector, which comprise more than a million natural
rubber growers, 6000 micro, small and medium rubber manufacturing units and a
few tyre manufacturers in the country.
Today, the benchmark RSS4 grade rubber closed
at `.146 a kg at Kottayam, while RSS3 grade closed at `.127.99
a kg at Bangkok and Malaysian SMR20 closed at `.104.17 a kg. On
National Multi Commodity Exchange, July 2014 futures closed at `.146.66
a kg, August at `.145.61, September at `.144.61 and October
at `.142.59 a kg. On Tokyo Commodity Exchange, June 2014
futures series closed at ¥200.4 a kg, July at ¥203.1, August at ¥205.4,
September at ¥207.7, October at ¥210 and the contract for delivery in November
2014 closed at ¥212.7 a kg.
What our readers say: http://rubber4u.com/Public/Views.pdf
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