Friday, March 6, 2015

Stakeholder should work together for betterment of industry


Speakers at India Rubber Meet 2015 were of view that stakeholders should take a collaborative approach and adoption of new technologies to tide over problems being faced by rubber industry and should work together for betterment of the industry.

K.T. Thomas, former president, All India Rubber Industries Association, said the present phase of low prices for natural rubber was the opportune time for replanting rubber. The rubber prices would go up after some time, as the past trend showed cyclic changes, while growers should focus on quality produce.

The benchmark RSS4 grade rubber closed at `.138 a kg at Kottayam, while RSS3 grade closed at `.114.48 a kg at Bangkok and Malaysian SMR20 closed at `.88.45 a kg. On National Multi Commodity Exchange March 2015 futures closed at `.123.72 a kg, April at `.125.22 and May at `.126.45 a kg. On Tokyo Commodity Exchange, March 2015 futures series closed at ¥216.3 a kg, April at ¥215.6, May at ¥215.5, June at ¥213, July at ¥210.8 and the contract for delivery in August 2015 closed at ¥209.9 a kg.

To read Rubber4U – 15th March 2015 issue: http://rubber4u.com/Public/Abcd.pdf
For Union Budget 2015-16 Highlights visit: www.rubber4u.com

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