Growers were facing an unprecedented crisis
due to a steady decline in natural rubber prices and also the production. The
un-remunerative prices have forced farmers to stop harvesting the crop and even
abandon tapping. The growers complain that the Rubber Board, which is looked
upon as a source of support, is hardly taking any efforts for their benefit. At
last the Appointments Committee of Cabinet has approved the appointment of Senior
IAS officer A Ajith Kumar, a 1994 batch IAS officer of Kerala cadre, to the
post of chairman of Rubber Board of India, Kottayam. He has been appointed for
a period up to 31st May 2018, which is the date of his superannuation. The post
has been lying vacant since August 2014.
The benchmark RSS4 grade rubber closed at `.133
a kg at Kottayam, while RSS3 grade closed at `.114.61 a kg at
Bangkok and Malaysian SMR20 closed at `.101.40 a kg. On
National Multi Commodity Exchange May 2016, the futures closed at `.137.02
a kg, June at `.137.22 and July 2016 closed at `.137.58
a kg. Tokyo Commodity Exchange April 2016 futures series closed at ¥188.5 a kg,
May 2016 at ¥185.3, June at ¥187, July at ¥187.8, August at ¥188.4 and the
contract for delivery in September 2016 closed at ¥189.9 a kg. On Wednesday,
most probably Tocom futures contract for delivery in September 2016 may trade in
the positive range of ¥190 & ¥199 a kg.
For 2015-16 Rubber Forecast: http://rubber4u.com/Public/RForecast.pdf
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