Monday, June 22, 2015

Industry seeks govt intervention

Raising concern over the fall in rubber production for the third consecutive year, the tyre and rubber industries have sought urgent government intervention to stop the declining trend of domestic natural rubber production. Rubber consuming industries has pointed out that there was a significant decline in production of 11% in the first two months of the current fiscal. The fall in production comes on the heels of 16% drop in production in 2013-14 and 15% drop in 2014-15.




The benchmark RSS4 grade rubber closed at `.132.50 a kg at Kottayam, while RSS3 grade closed at `.116.58 a kg at Bangkok and Malaysian SMR20 closed at `.99.11 a kg. On National Multi Commodity Exchange July 2015 futures closed at `.134.55 a kg, August at `.135.78 and September at `.135.69 a kg. On Tokyo Commodity Exchange, June 2015 futures series closed at ¥214.2 a kg, July at ¥217.7, August at ¥220, September at ¥222.4 October at ¥224.4 and the contract for delivery in November 2015 closed at ¥227.5 a kg. On Tuesday, most probably Tocom futures contract for delivery in November 2015 may trade in the range of ¥226 & ¥229 a kg.

To read Rubber4U – 1st July 2015 issue: http://rubber4u.com/Public/Abcd.pdf







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