Jojo Mathew

Natural Rubber Futures Prices at a glance as on July 23, 2018

Natural Rubber Futures Prices at a glance as on July 23, 2018

SICOM Settlement Price USC/kg
TSR20 131.00
Previous day settlement 132.20
Change  -1.2
RSS3 144.00
Previous day settlement 146.20
Change  -2.2
TOCOM Settlement JPY/kg
RSS3 163.1
Previous day settlement 164.0
Change -0.90000000000001

 

SHFE Last Yuan (RMB)/ton
SCR 10080
Previous day settlement 10200
Change  -120
NMCE Closing Rs/MT
RSS4 13200
Previous day settlement 13180
Change  +20

 

Bangkok Rubber Price

RSS1  10373 RS  151.00  $
 RSS2  10249  RS  149.20 $
 RSS3  10136  RS  147.50 $
 RSS4  10074  RS  146.60 $
 RSS5  9981  RS  145.30 $

Rubber Cochin Price

RSS4   –13100 ($189.70)

 RSS5  – 12850 ($186.10)

Tripura rubber price

Tripura Rubber Price today,
Rubber Sheet ( Dry Lot) :Rs.108.
Rubber Scrap :Rs. 65.
RSS 5 : Rs. 112.
RSS 4 : Rs 116.

Malaysian Rubber Price

OFFICIAL DAILY F.O.B.  PHYSICAL PRICES AT 12.00 NOON ON 24/07/2018

Current Month: August Sellers’ Offer Price
Sen/Kg           Cents/Kg
SMR CV 714.50 178.40
SMR L 669.00 167.05
SMR 5 542.50 135.45
SMR GP 539.50 134.70
SMR 10 532.50 132.95
SMR 20 530.50 132.45
Tone of Market:  Quiet

Centrifuged Latex: Local Price(ISO 2004)
in Sen/Kg(Wet)

Latex in Bulk Sellers’ Offer Price
414.50

Note: Effective from 2 January 2014, MRB will publish only the sellers’ offer price.

Farmgate Prices on 24/07/2018
in Sen/Kg

Latex Cuplump
Average Average
Peninsular 432.22 195.87

Rubber exports

Rubber exports rise, but production yield still not optimal

 

Myanmar is expected to export over 150,000 tonnes of rubber this fiscal year on the back of rising international demand and higher domestic production levels, U Khaing Myint, secretary of Myanmar Rubber Planters and Producers’ Association, told The Myanmar Times.

Around 140,000 tonnes of rubber was exported in the previous fiscal year.

Currently, there are more than 750,000 acres of rubber plantations in the country Rubber trees are grown mainly in Mon State, Tanintharyi Region, Karen State, Yangon and Bago, according to the Myanmar Rubber Planters and Producers’ Association (MRPPA).

Myanmar produces RSS3, RSS1- rubber and mostly exports RSS3. Around 70 percent of locally produced rubber is exported to China while the remaining is exported to Singapore, Malaysia, Indonesia, Korea, India and Japan, according to the MRPPA.

In this fiscal year, one pound of RSS3 rubber was exported for K850. Prices have now fallen to  to K780 a pound, said U Khaing Myint. The price of rubber is expected to rise further, buoyed by world rubber prices and the rising value of the dollar.

Rubber is included as a priority product under the National Export Strategy. Despite rising export volumes though, U Khaing Myint said current rubber production levels are less than optimal.

This is because yields are low relative to acreage and compared to neighbouring countries.

According to U Khaing Myint, the average rubber yield per acre per year in Myanmar is around 700 pounds compared to an average of 1000 pounds – 1600 pounds in Thailand and up to 1800 pounds in India.

“As such, the rubber production levels of Myanmar is only half that of other rubber producing countries. This is because Myanmar is using the wrong type of seeds,” he said.

“In Myanmar, rubber cultivators are using rubber seeds which can produce a minimum of 500 pound to a maximum of 1000 pounds per acre per year, so the average yield is just 700 pounds. Growers should plant the seeds that yield more rubber to raise production,” he said.

That’s easier said than done though. “Small-scale planters can’t afford to change seeds and so it isn’t possible at all for them to cut down their current trees and grow new ones,” U Khaing Myint said.

For these growers to change to high-yield rubber seeds, capital injection from investors will be needed.

Natural rubber Production

Natural rubber production dips to 6.94 lakh tonnes in

2017-18

Natural rubber production declined to 6.94 lakh tonnes in 2017-18 from 7.74 lakh tonnes in 2013-14, Parliament was informed today.

On the other hand, consumption of natural rubber increased from 9.81 lakh tonnes in 2013-14 to 11.11 lakh tonnes in 2017-18, Minister of State for Commerce and Industry C R Chaudhary said in a written reply to the Lok Sabha.

He also said that natural rubber imports increased from 3.60 lakh tonnes in 2013-14 to 4.69 lakh tonnes in 2017-18.

“Natural rubber production forecast for 2017-18 was 800,000 tonnes. However, the production forecast for 2018-19 is 730,000 tonnes which is 70,000 tonnes lower than 2017-18,” he said.

He added that these projections are made on the basis of matured rubber area under tapping, productivity and production trend during the near past which are determined mainly by price of rubber.

Vietnam Rubber Price

Vietnam: F.O.B SVR physical prices: July 24, 2018

August Sellers’ Offer Price
VND/Kg  Cents/Kg
SVR CV 40,155.79 173.05
SVR L 37,601.03 162.04
SVR 5 30,488.24 131.39
SVR GP 30,319.42 130.66
SVR 10 29,925.52 128.96
SVR 20 29,812.97 128.48
Calculation based on (-) 3% differential of Malaysian  Price.Currency exchange rate: 1.00  = 23.205 VND (Vietcombank)

Myanmar Rubber Price

Myanmar: Rubber exports rise, but production yield

still not optimal

 

Myanmar is expected to export over 150,000 tonnes of rubber this fiscal year on the back of rising international demand and higher domestic production levels, U Khaing Myint, secretary of Myanmar Rubber Planters and Producers’ Association, told The Myanmar Times.

Around 140,000 tonnes of rubber was exported in the previous fiscal year.

Currently, there are more than 750,000 acres of rubber plantations in the country Rubber trees are grown mainly in Mon State, Tanintharyi Region, Karen State, Yangon and Bago, according to the Myanmar Rubber Planters and Producers’ Association (MRPPA).

Myanmar produces RSS3, RSS1- rubber and mostly exports RSS3. Around 70 percent of locally produced rubber is exported to China while the remaining is exported to Singapore, Malaysia, Indonesia, Korea, India and Japan, according to the MRPPA.

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