The steep fall in prices of natural rubber
from `.240 per kilo gram to `.96 per kg has
affected around 12 lakh small scale farmers in Kerala. Kerala Congress (M)
leader Jose K. Mani, MP, launched an indefinite fast demanding immediate
intervention of the Centre to find a lasting solution to the crisis in the
natural rubber sector. In his address, K.M. Mani came down heavily on the
Central government, which, in spite of repeated demands made by the State, had
not taken any effective steps to bring the price line back to normal. So he
demanded the Centre to implement the protective duty as per the 19th section of
World Trade Agreement for rubber.
The benchmark RSS4 grade rubber closed at `.97
a kg at Kottayam, while RSS3 grade closed at `.86.72 a kg at
Bangkok and Malaysian SMR20 closed at `.72.62 a kg. On
National Multi Commodity Exchange January 2016 futures closed at `.98.30
a kg, February at `.99.91 and March closed at `.102.59 a kg. On
Tokyo Commodity Exchange, January 2016 futures series closed at ¥145.3 a kg, February
at ¥147.5, March at ¥151.1, April at ¥153.7, May at ¥156 and the contract for
delivery in June 2016 closed at ¥157.4 a kg. On Tuesday, most probably Tocom
futures contract for delivery in June 2016 may trade in the range of ¥156 &
¥161 a kg.
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