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Introduction:

Tripura, a state in northeastern India, has emerged as a significant player in the rubber industry. The region’s favorable climatic conditions and extensive rubber plantations have positioned it as a key producer of natural rubber in the country. This essay aims to explore the dynamics of Tripura’s rubber prices, analyzing the factors that influence their fluctuations and their impact on the local economy. By delving into the various aspects of rubber cultivation, market forces, government policies, and global trends, we can gain a comprehensive understanding of the challenges and opportunities that surround Tripura’s rubber industry.

Historical Background:

Rubber cultivation in Tripura has a rich history dating back to the early 20th century. The state’s abundant rainfall, moderate temperature, and suitable soil conditions provided a fertile ground for rubber plantations. In the 1950s, the government initiated programs to promote rubber cultivation, leading to increased production. Tripura’s rubber industry experienced significant growth during the 1980s and 1990s, fueled by the establishment of Rubber Board-managed plantations and the introduction of high-yielding hybrid varieties.

Factors Affecting Rubber Prices :

1. Demand and Supply: The most crucial factor influencing rubber prices is the balance between demand and supply. Global demand for rubber, particularly from the automotive industry, has a substantial impact on Tripura’s rubber prices. Economic growth in emerging economies and fluctuations in crude oil prices also play a significant role in determining demand. Any disruptions in supply, such as adverse weather conditions or diseases affecting rubber trees, can have a substantial impact on prices.
2. International Market Trends: Tripura’s rubber prices are closely linked to global market trends. The international prices of natural rubber, influenced by factors like geopolitical tensions, currency exchange rates, and trade policies, have a direct bearing on the local prices. Changes in prices of synthetic rubber, a substitute for natural rubber, can also impact demand and consequently affect Tripura’s rubber prices.
3. Cost of Production: The cost of production is a critical determinant of rubber prices. Factors such as labor costs, fertilizers, pesticides, transportation, and energy expenses all contribute to the overall cost of rubber production. Any significant fluctuations in these costs can influence the pricing dynamics in Tripura’s rubber industry.
4. Government Policies: Government policies and interventions play a significant role in shaping rubber prices. Subsidies, export-import regulations, taxation, and support for research and development initiatives can directly impact the profitability of rubber cultivation and subsequent pricing. Additionally, policies related to land acquisition, environmental regulations, and labor laws also influence the overall rubber production landscape.

Impact on the Local Economy:

The fluctuations in Tripura’s rubber prices have a significant impact on the state’s economy. Rubber cultivation provides livelihoods to a large number of farmers, particularly in rural areas. When rubber prices are high, farmers experience increased income, leading to improved living standards and economic growth at the local level. Conversely, during periods of low prices, farmers face financial challenges, impacting their well-being and overall economic stability.

The rubber industry also contributes to employment generation and the creation of ancillary businesses such as rubber processing units, transportation services, and rubber-based product manufacturing. Fluctuations in rubber prices can affect these sectors, leading to job losses or reduced economic activity.

Furthermore, the state’s revenue collection is also influenced by rubber prices. As the prices rise, the government receives increased tax revenues from rubber-related activities, which can be utilized for infrastructure development, education, healthcare, and other social welfare programs. Conversely, when prices decline, the government’s revenue stream is affected, leading to potential budgetary constraints.

Rubber Market – Kottayam

RSS 4   13900.00

RSS 5   13600.00

ISNR 20   12300.00

60% Latex   9300.00

Kochi

RSS 4    13900.00

RSS 5   13600.00

International Price-Bangkok

RSS 1   14098.00

RSS 2    13951.00

RSS 3    13816.00

RSS 4   13742.00

RSS 5   13631.00

Kuala Lumpur (dollar rates in brackets)

SMR 20    11308.00 (137.55)

60% latex   9148.00 (111.25)

Kottayam Merchant Price

RSS 4 -5    13400.00 -13100.00

Unclassified   12050.00-12100.00

Scrap 75% D.R.C. 7700.00

Outtupal

Average price per 100kg in Kottayam district from 09.01.23 to 10.01.23

80% D.R.C. 8900.00

60% DRC 6675.00

Kottayam Market

Kochi

Gold Pavan:  41040.00

5130.00 per gram

Coconut Oil Ready 13300.00

Milling 13900.00

8600.00 for copra

R.B.D. Palm Oil 9750.00

Pepper fresh 48000.00

Ungarbled 49000.00

Garbled 51000.00

Chuk Medium 15500.00

CHUCK BEST 17500.00

Turmeric 8800 – 9100.00

Nutmeg husk 280 – 300.00

550 – 570.00 without nutmeg husk

Jathi Pathri Red 1200.00

Jathi Pathri (Sec) 600.00

Jati patri Yellow 1500.00

Red Flower 1600 – 1750.00

Yellow Flower 1800 – 1900.00

Hirange Red Flower2100.00

Chillies 28000-30000.00

Sugar 3750.00

Coconut Oil 15800.00

Copra 10400.00

Cake 3300.00

Kattapana market

Pepper 492.00

Coffee Beans (Robusta) 92.00

Coffee Beans (Robusta) 165.00

Cocoa 46.00

Cocoa (dry) 200.00

280.00 per basket

Turmeric 124.00

Cloves 825.00

Nutmeg 355.00

Jathi Pathri 1750-2050

Cardamom

Low price 700.00

Maximum price 920.00

Average price 800.00

Cardamom auction

Cadmum Planters Association Shantanpara

Pathiv 50024.9

Sales 46665.5

Maximum price 1564.00

Average price 860.6

The Cadmium Planters Marketing Cooperative Society Limited

Pathiv  96171.8

Sales 90955.4

Max price 1411.00

Average price 958.34

India Rubber: RSS4 rubber prices rise in Kerala due to fall in supply

RSS4 rubber prices rose today in the key markets of Kerala because of fall in supply, local traders said. However, transactions were fewer due to lack of sellers.

* Early defoliation of rubber trees has led to a drop in production. Sellers are also stocking the commodity on expectations of rise in prices in the near term, said Thaha K. Mohamed, owner of Sara Traders.

* RSS4 rubber prices were also influenced by rise in global rubber prices, traders said. Domestic prices have been steady for the past few trading sessions.

* Moderate demand from traders and stockists continues to persist. Traders are willing to buy the commodity as they need to fulfil contracts with tyre manufacturing companies, said C.J. Augustine, the owner of Chettiparambil Traders.

 * Most futures contracts of natural rubber were largely steady on Japan’s Osaka Exchange.

* In the coming days, contracts are likely to trade in the range of 215-235 yen per kg, said an analyst.

Following are the highlights of today’s trade:

–Widely-traded RSS4 rubber prices was sold at 138-140 rupees per kg, up 1 rupee from the previous day.

–Most-active June contract on the Osaka Exchange was flat at 225.0 yen (138.5 rupees) per kg.

Tripura Rubber Wholesale Price:
Rubber Dry Lot : 122
Rubber Washing Lot :123
Rubber Good Lot: 125

Rubber Market – Kottayam
RSS 4: 14850.00

RSS 5 : 14500.00

ISNR 20: 12600.00

60% latex : 8455.00

Kochi

RSS 4 : 14850.00

RSS 5: 14500.00

International Price-Bangkok

RSS 1 : 12891.00

RSS 2 : 12755.00

RSS 3 : 12629.00

RSS 4 : 12561.00

RSS 5 : 12458.00

Kuala Lumpur (dollar rates in brackets)

SMR 20 : 10290.00 (125.95)

60% Latex: 8492.00 (103.95)

Kottayam Merchant Price

RSS 4 -5 : 14350.00 -14000.00
Unclassified: 12900.00-12950.00

Ottupal 75% D.R.C.: 7350.00

Average price per 100 kg in Kottayam district from 18.11.22 to 19.11.22

80% D.R.C. : 9050.00

60% DRC : 6788.00

Kottayam Market

Coconut Oil 15500.00

Copra 10300.00

Cake 3300.00

Kattapana market
Pepper 475.00

88.00 of coffee beans

Coffee Nuts 165.00

Cocoa 40.00

Cocoa (dry) 190.00

300.00 per basket

Turmeric 125.00

Steering wheel 160.00

Cloves 815.00

Nutmeg 360.00

Jatipatri 1600-2000 (Flower)

Cardamom

Maximum price 850.00

Average price 800.00

Low price 750.00

Cardamom auction

THE CADAMUM PLANTERS MARKETING CO-OPERATIVE SOCIETY LTD

Pathiv: 73406.2

Sale 71274.4

Maximum price 1355.00

Average price 894.84

Cadmium planters Association Shantanpara

Jathi : 28441.1

Sales 25857

Maximum price 1303.00

Average price 824.21

Kochi
Gold worth 38800.00

4850.00 per gram

Coconut Oil Ready 13300.00

Milling 13900.00

8700.00 for copra

R.B.D. Palm Oil 9950.00

The rubber farmers in Tripura are feeling the pinch as price of natural rubber washing lot price plummets in the state. The cost of natural rubber which hit Rs 140 per kilogram dropped to nearly Rs 123. Though the market price has been fixed in the range of Rs 123 to Rs 125, the farmers will receive only a meagre amount. The price of the rubber sheets also went down to Rs 135.

Rubber Market – Kottayam

RSS 4: 14900.00

RSS 5 : 14600.00

ISNR 20: 12650.00

60% Latex: 8350.00

Rubber Market -Kochi

RSS 4 : 14900.00

RSS 5: 14600.00

International Price-Bangkok

RSS 1 : 13077.00

RSS 2 : 12941.00

RSS 3: 12815.00

RSS 4 : 12747.00

RSS 5: 12645.00

Kuala Lumpur (dollar rates in brackets)

SMR 20 :10492 .00 (129.00)

60% Latex : 8565.00 (105.30)

Rubber Kottayam Merchant Price

RSS 4 -5 : 14400.00 -14100.00

Unclassified: 12950.00-13000.00

Ottupal 75% D.R.C.: 7400.00

Kochi

Gold Pavan 39000.00

4875.00 per gram

Coconut Oil Ready 13200.00

Milling 13800.00

8500.00 for copra

FAQ 8700.00

R.B.D. Palm Oil 9950.00

Pepper fresh 47000.00

Ungarbled 48000.00

Garbled 50000.00

Chuk Medium 15500.00

CHUCK BEST 17500.00

Kottayam Market

Coconut Oil 15500.00

Copra 10300.00

Cake 3300.00

Kattapana market

Pepper 475 .00

Coffee beans 92 .00

Coffee Nuts 170 .00

Cocoa 40 .00

Cocoa (dry) 190 .00

Basket 300 .00

Turmeric 125 .00

Steering 160 .00

Cloves 815 .00

Nutmeg 360 .00

Jathi : 1650-2000 (Flower)

Cardamom

Max price 820 .00

Average price 800 .00

Low price 750 .00

Cardamom auction

Spice More Trading Company Kumali

Routine 33415 .4

Sales 26766 .1

Maximum price 1300 .00

Average price 782 .17

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Rubber Dry Lot Price Tripura Today as on 06^th July 2022 : 04.20 Pm

Rubber Dry Lot Price Tripura Today as on 06^th July 2022   : 04.20 Pm

Rubber RSS4(Per kg): 176.00/176.50

Rubber RSS5(Per kg): 174.00

Rubber Loose(Per kg): 169.00

Rubber Dry Lot(Per kg): 154.00/159.00

Rubber Scrap (80% DRC,Per kg): 124.50

Rubber Latex (60% DRC): 117.00

Rubber Field Latex(Per kg DRC): 172.00/175.00

Rubber ISNR20 : 172.00

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