26/08/2012 : TRIPURA : Indian Rubber farmers cut spiral grooves in the bark of the rubber trees to tape the latex in Bhogobanpara village in Western Tripura state, India 26, 2012. Tripura state is closely follows Kerala state at its heels in rubber production and is credited to be the India's second largest producer of rubber. Over 18,455 tonnes of rubber is being produced annually in Tripura state and the production indices are rapidly increasing. Tripura Rubber Industry is one of the largest industries in the northeast India. With more rubber plantations have mushroomed in the state the rubber industry in Tripura has burgeoned into a major industrial enterprise. It is expected that rubber production will generate substantial revenue and employment for the state in the coming years. Photo: Ritu Raj Konwar | Photo Credit: RITU RAJ KONWAR
Spot rubber finished flat on Wednesday. Sentiments remained neutral despite a marginal recovery in Bangkok spot and domestic futures, as most traders preferred to stay away from a choppy market.
RSS 4 was quoted steady at ₹159.50 per kg by traders and the Rubber Board. The grade closed unchanged at ₹154.50 per kg, according to dealers. The volumes continued to remain low.
In futures, the March delivery closed a tad higher at ₹162.50 (162.14) per kg on the Multi Commodity Exchange (MCX).
RSS 3 (spot) improved to ₹167.31 (166.12) per kg at Bangkok. SMR 20 bounced back to ₹128.05 (124.46), while Latex inched up to ₹124.37 (124.19) at Kuala Lumpur.
The most active natural rubber contract for May delivery was down 60 Yuan (₹676.02) from previous day’s settlement price to close at 15,540 Yuan (₹175,091.72) a tonne in day time trading on Shanghai Futures Exchange (ShFE). As per reports, the prices appeared to be in a recovery mode.
Spot rubber rates (₹/kg): RSS 4:159.50 (159.50); RSS 5: 154 (154); ISNR 20: 149.50 (149.50) and Latex (60% drc): 125 (125).
Helpline for growers
Meanwhile, the Rubber Board has announced that growers may contact Rubber Board Call Centre to seek information about the marking and tapping. R Rajagopal, Senior Scientist, Rubber Research Institute of India, will answer on March 5 from 10 am to 1 pm. The Call Centre number is 0481-2576622. Information about the services of the Board and also technical advice regarding cultivation, production, processing, etc can be regularly sought from the Call Centre functioning at its Head Office. The service is available from 9.30 am to 5.30 pm on all working days.
Published on March 3, 2021
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