Wednesday, March 4, 2015

India Rubber Meet 2015


Today, G Madhavan Nair, former chairman of the ISRO and chairman of the Centre for Management Development will inaugurate the two-day India Rubber Meet 2015, organised jointly by the Rubber Board and other stakeholders association, at Le Meridien Convention Centre, Kerala.

The theme of meet is ‘Finite Resources: Infinite Opportunities’, which will explore the the commercial opportunities of rubber, including the auxiliary activities. It will also examine the green agenda, referring to new sustainability goals. Experts from different areas of rubber cultivation and industry will speak on areas such as the economics of rubber cultivation and industry, technical issues, and new breakthroughs in research.

Experts and key stakeholders from different segments of the rubber industry across the world will participate in the panel discussions. The Panel discussions will be chaired by A Jayathilak, chairman, Rubber Board of India; and A K Krishnakumar, executive director, Infrastructure Leasing and Financial Services, New Delhi.

India is expected to import about 425,000 tonnes of natural rubber in the current financial year. The gap between domestic and overseas prices will ensure higher imports.
Reserve Bank of India today cut repo rate by 25 basis points to 7.5% from 7.75%. The move comes on the back of lower inflation. The cut in the policy rate by RBI will help in lowering interest rate for individual and corporate borrowers.

The benchmark RSS4 grade rubber closed at `.139.65 a kg at Kottayam, while RSS3 grade closed at `.116.37 a kg at Bangkok and Malaysian SMR20 closed at `.87.50 a kg. On National Multi Commodity Exchange March 2015 futures closed at `.124.17 a kg, April at `.125.33 and May at `.126.81 a kg. On Tokyo Commodity Exchange, March 2015 futures series closed at ¥221.3 a kg, April at ¥221.6, May at ¥222.9, June at ¥221.2, July at ¥219.6 and the contract for delivery in August 2015 closed at ¥219.5 a kg.

To read Rubber4U – 1st March 2015 issue: http://rubber4u.com/Public/Abcd.pdf
For Union Budget 2015-16 Highlights visit: www.rubber4u.com

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