Thursday, February 4, 2016

Future outlook


Rubber Skill Development Council (RSDC) and Tripura University has signed a Memorandum of Understanding (MoU) for conducting a programme called Bachelor of Vocation (B.Voc) in Rubber Technology. The three year course is approved by the University Grants Commission under the Ministry of Human Resource Development. The MoU was signed by Vinod T Simon, chairman of RSDC, and O S Adhikari, registrar of Tripura University.

A fourteen member delegation led by Mohinder Gupta, president of All India Rubber Industries Association, supported by the MSME ministry, is visiting Japan during 8-12 February 2016 for exploring trade and investment opportunities in rubber sector. Both the countries are among the world’s largest producers of rubber and rubber products.

The benchmark RSS4 grade rubber closed at `.91.50 a kg at Kottayam, while RSS3 grade closed at `.85.73 a kg at Bangkok and Malaysian SMR20 closed at `.75.48 a kg. On National Multi Commodity Exchange February 2016 futures closed at `.91.66 a kg, March at `.93.76, April at `.96.04 and May closed at `.97.73 a kg. On Tokyo Commodity Exchange, February 2016 futures series closed at ¥152 a kg, March at ¥150.5, April at ¥152.9, May at ¥156, June at ¥157.2 and the contract for delivery in July 2016 closed at ¥157.3 a kg. On Friday, most probably Tocom futures contract for delivery in July 2016 may trade in negative range of ¥153 & ¥156 a kg.

To read Rubber4U – 15th February 2016 issue: http://rubber4u.com/Public/Abcd.pdf
For 2015-16 Rubber Forecast: http://rubber4u.com/Public/RForecast.pdf

No comments:

Post a Comment