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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