Global rubber shortfall unlikely to impact India

Global rubber shortfall unlikely to impact India'
Kottayam: The estimated shortfall in global production during 2009-10 may not affect the domestic market as there is enough stock in the country, said Mr Sajen Peter, Chairman of Rubber Board.

During April-October 2009, rubber production in the country fell 9.4 per cent compared with the same period a year ago, according to statistics available.

According to revised estimates, the total production during 2009-2010 would be 8,40,000 tonnes. It was earlier estimated that the rubber production during the same period would be 8,67,000 tonnes. The unexpected change in weather, the higher production base of 2008, attempts to retain existing old and uneconomic plantations are some of the reasons for the sluggish production, Mr Peter told Business Line. (BL) http://www.thehindubusinessline.com/2010/01/20/stories/2010012052491800.htm
Spot rubber improves on global cues
Kottayam: Spot rubber prices strengthened on Tuesday. According to sources, the prices improved in tune with the gains in the international markets though the domestic futures were sluggish on NMCE. Sheet rubber moved up marginally to Rs 139.50 from Rs 139 a kg on covering purchases. Sellers stayed away as arrivals continued to be low. There were no fresh enquiries from the tyre sector and the trend appeared mixed as RSS 5 closed unchanged amidst thin volumes.
Futures weak
The February futures for RSS 4 weakened to Rs 142.85 (143.53), March to Rs 145.50 (146.41), April to Rs 149.49 (150.09) and May to Rs 152.60 (153.39) a kg on National Multi Commodity Exchange (NMCE). On the Tokyo Commodity Exchange, RSS 3 improved with the January futures rising to ¥291.7 (¥286.5) (Rs 147.20), February to ¥289.3 (¥287.6) and March to ¥291.2 (¥288) a kg during the day session. RSS 3 increased to Rs 144.61 (144.02) a kg on Singapore Commodity Exchange (SICOM). The grade closed firm at Rs 145.50 (143.44) a kg at Bangkok.
Spot rates were (Rs/kg): RSS-4: 139.50 (139); RSS-5: 133.50 (133.50); ungraded: 130 (129.50); ISNR 20: 133.50 (133) and latex 60 per cent: 91 (90). (BL) http://www.thehindubusinessline.com/2010/01/20/stories/2010012052431800.htm
Top rubber producers eye prices, woo Vietnam
KUALA LUMPUR: The world's top three rubber producers are weighing plans for a fund to regulate supply flows of the commodity to markets, but stopped short of action to rein in rising prices, a Malaysian minister said on Tuesday.

As tyre grades hover near 56-year highs, producers Thailand, Indonesia and Malaysia, which account for 70 percent of global output, have no plans to fix a new threshold price for rubber, Bernard Dompok, Malaysia's commodities minister, told reporters.(Reuters) http://in.reuters.com/article/domesticNews/idINSGE60I05W20100119