Wednesday, February 3, 2016

Peaceful hartal


LDF has called for a hartal in Kottayam district demanding measures to be taken to save the rubber farmers. LDF activists took out protest marches in many places in the district. The dawn to dusk hartal was peaceful but partial. While buses remained off the road and shops remained closed, private vehicles could be seen in large numbers on the road.

The benchmark RSS4 grade rubber closed at `.92 a kg at Cochin, while RSS3 grade closed at `.85.14 a kg at Bangkok and Malaysian SMR20 closed at `.73.60 a kg. On National Multi Commodity Exchange February 2016 futures closed at `.91.05 a kg, March at `.93.03, April at `.95.34 and May closed at `.99.50 a kg. On Tokyo Commodity Exchange, February 2016 futures series closed at ¥148.7 a kg, March at ¥149, April at ¥150.5, May at ¥153.5, June at ¥154.1 and the contract for delivery in July 2016 closed at ¥153.6 a kg. On Thursday, most probably Tocom futures contract for delivery in July 2016 may trade in the range of ¥153 & ¥160 a kg.

To read Rubber4U – 1st February 2016 issue: http://rubber4u.com/Public/Abcd.pdf
For 2015-16 Rubber Forecast: http://rubber4u.com/Public/RForecast.pdf

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