RSS4 –13100 ($189.70)
RSS5 – 12850 ($186.10)
Rubber Board Kottyam Market
| RSS4 | 13100 | 189.70 |
| RSS5 | 12850 | 186.10 |
| ISNR20 | 13000 | 188.25 |
| Latex(60%) | 8665 | 125.50 |
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. SMR PHYSICAL PRICES AT 12.00 NOON ON 24/07/2018
| Current Month: August | Sellers’ Offer Price Sen/Kg US 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 | US 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 Rubber Price.Currency exchange rate: 1.00 USD = 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.
Tocom Rubber Price
TOCOM slips on lean Shanghai futures, high rubber stocks
BEIJING: Benchmark Tokyo rubber futures slid on Thursday on weak Shanghai rubber market and as high stockpiles weighed on prices.
Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, have been under pressure in the past month amid high rubber stocks and flat demand.
“The fundamentals remain stable. Rubber stockpile in the bonded area in Qingdao has returned to a high level, and stocks at Shanghai Futures Exchange are also high,” said Zhao Wenting, analyst with Dongwu Futures.
“In the short term, prices will probably fluctuate around these levels,” Zhao said.
The Tokyo Commodity Exchange rubber contract for December delivery finished 1.2 yen lower at 173.2 yen per kg.
The most-active rubber contract on the Shanghai futures exchange for September delivery fell 90 yuan to finish at 10,305 yuan per tonne.
The front-month rubber contract on Singapore’s SICOM exchange for August delivery last traded at 133.0 U.S. cents per kg, down 0.4 cent.
Thailand Rubber Price
The government pledges to support 16,000 baht per rai, capped at 10 rai per family for farmers who join the scheme.
But eligible farmers have to grow their rubber trees on land for which they possess legitimate title deeds.
The scheme focuses on less suitable areas for growing rubber trees, such as rice farmland and low-lying areas.
The ministry wants to start the scheme by early next month, said Mr Somkid, adding that reducing rubber plantation area is part of ongoing agriculture reform efforts.
The ministry reported Monday to Mr Somkid that government efforts to encourage rubber farmers to grow other crops has seen rubber plantation area dip by 400,000 rai.
Despite the reduction, rubber prices have not improved.
Thailand’s rubber plantation area is now estimated at 18-20 million rai.
In a related development, the ministry was Monday also told to cut rice farmland by 2 million rai for the 2018/2019 crop, as the farmland for off-season rice in the 2018/2019 season is expected to top 10.22 million rai.
The government will support 2,000 baht per rai for farmers who grow other crops instead of rice.
Mr Somkid said the ministry should also entice farmers to grow crops apart from maize and tapioca.
“Marketing plans are very important to reducing risk, and agriculture-related ministries are required to implement more effective marketing and production planning,” he said.
Mr Somkid tasked the Agriculture Ministry and Commerce Ministry to hold talks on advanced production issues and appropriate buying prices with private sector players like the Thai Feed Mill Association.
He has also asked the Commerce Ministry to help bridge the gap between high fruit prices in Bangkok and other big cities but low income for farmers.
The ministry should implement better management for both the domestic and export markets, said Mr Somkid.
He also said the Bank of Thailand and the Securities and Exchange Commission should be asked to broaden efforts on supporting agricultural cooperatives.
