Saturday, January 28, 2017

NR prices and production up


Uptrend in natural rubber production continues and in the month of December 2016 production increased by 12.07%, compared to the production during the same period of 2015. In December 2016, the output has surged to 65,000 tonnes compared to 58,000 tonnes in the same month in 2015. Total natural rubber production during April-December 2016 is 4,93,000 tonnes whereas it was 4,40,000 tonnes in 2015, showing 12.05% increase.

The Indian Rubber Board has developed an online system for applying for licences issued to manufacturers, dealers and processors as well as for filing returns. This system, as a part of the ongoing e-governance programme of the Board was launched by A. Ajith Kumar IAS, executive director of Rubber Board. The solution named ‘RUBIS’ had been deployed at the web address www.rbegp.in, which can also be accessed from the website of the Board.

The benchmark RSS4 grade rubber closed at `.156 a kg at Kottayam, while RSS3 grade closed at `.195.69 a kg at Bangkok and Malaysian SMR20 closed at `.156.96 a kg. On National Multi Commodity Exchange the last traded price for February 2017 futures was `.159.17 a kg, March at `.166.34, April at `.173.66 and May at `.178.02 a kg. Tokyo Commodity Exchange February 2017 futures series closed at ¥347 a kg, March at ¥339.1, April at ¥333.2, May at ¥333.7, June at ¥333 and the contract for delivery in July closed at ¥331.3 a kg.

To read Rubber4U – 1st February 2017 issue: http://rubber4u.com/Public/Abcd.pdf
For 2016-17 Rubber Forecast: http://rubber4u.com/Public/RForecast.pdf

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