Spot rubber stretches to Rs 111/kg

Spot rubber stretches to Rs 111/kg
Kottayam: Physical rubber prices flared up on Monday. According to sources, the market moved up on covering purchases though there was no trendsetting factor specific to rubber observed behind the bull run. Sheet rubber improved to Rs 111 from Rs 109 a kg during the last week end. There were no fresh enquiries from the tyre sector. The market made all-round gains with comparatively better volumes.

The National Multi Commodity Exchange (NMCE) remained closed owing to Bahu-Beej.

Futures weak
The October futures for RSS 3 weakened to ¥217.6 (¥219.9) (Rs 110.76) while the November futures improved to ¥220.5 (¥214), December to ¥218.9 (¥212.2), January to ¥219 (¥212.5), February to ¥218.3 (¥212.6) and March to ¥218.8 (¥212.8) a kg during the day session on Tokyo Commodity Exchange (TOCOM).

The October futures for the grade closed at ¥217.6, December at ¥217.5, January at ¥219.3, February at ¥218.8 and March at ¥219.3 a kg while the November futures remained inactive during the night session. (BL)
http://www.thehindubusinessline.com/2009/10/20/stories/2009102050201000.htm
Meet to address rubber growers’ needs
Mangalore: A State-level rubber growers’ conference will be held at Ujire in Dakshina Kannada district on October 23.

Mr Sridhar Bhide, President of Belthangady Taluk Rubber Growers’ Marketing and Processing Cooperative Ltd, told Business Line that rubber growers from Dakshina Kannada, Udupi, Shimoga, Chikmagalur and Kodagu will participate in the conference to discuss various issues related to the sector.

Stating that rubber is being cultivated in around 25,000-30,000 hectares in the State, he said the conference would request the Rubber Board and the Government to set up a rubber research institute and a model rubber plantation in Karnataka. It will also seek the establishment of a rubber tappers’ training school and a laboratory for testing soil and leaf.

The conference will also deliberate on topics such as new varieties in rubber, disease control and low-frequency tapping. (BL)
http://www.thehindubusinessline.com/2009/10/20/stories/2009102050631100.htm