The price of RSS4 Rubber has come down in major markets in Kerala today. The concerns about supply led to a fall in prices. The southwest monsoon started in Kerala on Sunday, three days before the normal date of June 1.
Global production of natural rubber increased by 13.6% in April to 941,000 tonnes, according to a monthly report by the Association of Natural Rubber Producing Countries.
Therefore, the harvest will be interrupted again for three months and the domestic rubber supply will be low till the end of August.
Kottayam : Record rubber production in the country during the last financial year. Rubber prices are on the rise due to heavy summer rains. From April 2021 to March 2022, India produced 7.75 lakh tonnes of rubber. According to figures released by the Rubber Board, this is a recent record for rubber production. Production was estimated at 7.15 lakh tonnes in 2020-2021. The average rubber price last year was Rs 171 per kg. Meanwhile, it went up to Rs 194. The lowest is up to Rs 160 only.
“With the rise in prices, more and more farmers are returning to farming,” said Rubber Board Executive Director Dr. KN Raghavan said. ‘The plantation adoption scheme started by the Rubber Board has helped to resume tapping in abandoned plantations. Tapping began with the adoption of 4,000 acres. The plan is for the board to take care plantations that do not have workers to tap latex. Rain guarding of more plantations has also increased production, ”he said.
With the onset of summer rains, rubber prices started rising again. 172 per kg yesterday. It had fallen to Rs 171 the previous day. The increase was due to lower tapping in the rains and lower rubber inflows into the market. The board estimates that the price will reach Rs 180 if this situation continues.
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The state has received good rainfall over the last few days. Although the daytime temperature did not decrease, the arrival of summer rains brought relief to the garden area. Farmers’ withdrawal from rubber tapping for more than a month due to dry weather has reduced the supply of goods to the market. This will not affect the operations of many large companies as they receive foreign goods at the beginning of the month. At the same time, small traders in northern India competed for the goods, raising the fifth grade to Rs 172 Rubber Price Per Kg Today. Latex is priced at Rs 117 but the price has gone up to Rs 126 due to high demand for field latex. The price of fourth grade rubber is Rs. 174.
Rubber Price Per Kg Today RSS4@174/173.50 RSS5@171 Loose@168 Lot@158/163 Scrap80@123 Latex@115 Field Latex@170/168 ISNR-20@163.50
Rss-4 178.50 Rss-5 175.00 Loose 170.00 Lot 160.00-165.00 Scrap75 110.00 Latex 127.00 Field Latex 185.00 ISNR-20 166.00
1 kg rubber price in Kochi Kerala fell today on expectation of a rise in supply as tapping in key producing regions has resumed due to an improvement in weather conditions. Low demand from domestic stockists and bulk buyers also weighed on prices. In the global market, rubber contracts on the Tokyo Commodity Exchange gave up early gains and ended flat due to a fall in crude oil prices on the New York Mercantile Exchange. Sentiment was also weighed down by a stronger dollar, which makes dollar-denominated commodities expensive for foreign holders, analysts said.
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Rss-4 186.00 Rss-5 183.00 Loose 179.00 Lot 170.00-175.00 Scrap75 114.50 Latex 130.00 Field Latex 195.00 ISNR-20 170.00
Rubber Price per Kg set for first weekly drop in on amid Omicron fears. Rubber Price on Kottayam market today was down by 1 rupee at Rs.186 for grade sheet. Even after the rubber price reached on higher levels farmers are in crisis. Tapping rubber trees was impossible due to the heavy rains in the rubber gardens.
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Rss-4 192.00 Rss-5 189.00 Loose 185.00 Lot 176.00-181.00 Scrap75 118.50 Latex 130.00 Field Latex 192.00 ISNR-20 169.50
The quantity of rubber reaching the market is very small. The market is expecting 1 kg Rubber Price Kerala Today 2021 to rise again as domestic production stopped as the rains continue.
It is currently trading at its highest level in nine years. Traders and farmers are optimistic that 1 kg Rubber Price Kerala Today 2021 will rise after the break. Within a week, domestic and international prices had risen by seven rupees. The main reason for the rise in prices is the sharp fall in domestic production due to continuous rains. It was usually the beginning of November and it was time for the rubber to reach the market.
But so far the farmers have not been able to start tapping. Farmers say that even if tapping starts, production will be low. Producers estimate that by the end of the financial year, there will be a shortfall of two lakh tonnes of rubber globally. With this, there is a possibility of another rise in rubber prices.
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Rss-4 188.00 Rss-5 185.00 Loose 182.00 Lot 173.00-178.00 Scrap75 117.00 Latex 127.00 Field Latex 187.00 ISNR-20 168.00
1 Kg rubber price Kottayam today extended the gains. RSS4 improved to ₹188 and RSS5 to ₹185per kg according to traders.
1 Kg rubber price Kottayam today are at four-month highs, increased by 12 percent in the past month. The demand for rubber has also been strengthening, especially from Southeast Asia and China.
China is looking at a large number of rubber imports. In India, the production for the month of September is seen as 67,000 tonnes, which is lower than August. Markets believe that there would be lower production in October and November because Kerala has received nearly 117 percent more rainfall in October till now. These unseasonal rains are impacting tapping and supplies.
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Prices of natural rubber in the Nilambur market extended last weeks gains today due to concerns over supply amid rising demand from bulk buyers and domestic stockists, industry experts said.
The delay in tapping due to heavy rains in Kerala, which is the biggest producer, is likely to create a supply crunch in the market, thereby supporting rubber prices.
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