At the launch of a replanting program the
Indonesian government said government agencies and state owned companies will
buy 500,000 tonnes of locally produced rubber to help support rubber prices. The
government gave no details on the timing of the purchases. The government would
provide subsidised loans to farmers to replant 1 million hectares of rubber
plantation between 2016 and 2019.
The benchmark RSS4 grade rubber closed at `.113
a kg at Kottayam, while RSS3 grade closed at `.101.36 a kg at
Bangkok and Malaysian SMR20 closed at `.87.19 a kg. On
National Multi Commodity Exchange April 2016, the futures closed at `.116.61
a kg, May at `.118.39 and June 2016 closed at `.119.33
a kg. Tokyo Commodity Exchange March 2016 futures series closed at ¥167 a kg, April
at ¥166, May 2016 at ¥168.4, June at ¥170, July at ¥173 and the contract for
delivery in August 2016 closed at ¥175.3 a kg.
For 2015-16 Rubber Forecast: http://rubber4u.com/Public/RForecast.pdf
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