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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natural rubber in the key markets of Kerala were down today due to a likely rise in output, as peak tapping season has commenced in Kerala, the largest rubber grower in the country, traders said.
According to the ANRPC, India’s rubber production will increase from 67,000 tonnes in September to 85,000 tonnes in November. Despite the increase in demand for rubber in the country, prices are unlikely to fluctuate due to increased production
The price of RSS-4, which was Rs 180.5 in Kollam at the beginning of September, has gone up to Rs 169.50 on October 14.
The crisis was caused by high production but not commensurate with the increase in demand. Shortage of semiconductor chips affected the automotive sector and reduced tire production. Despite the increase in production in the country, the volume of imported rubber in September was 500 tonnes higher than in August.
But in the second quarter of September, there was a slight recovery in the price of natural rubber globally. In the second quarter, rubber benefited from the easing of Kovid regulations and increased production in many countries. The fall in early September has pushed up prices in the last days. It is hoped that this will continue until next December.
It is expected that the easing of Kovid controls in countries including Japan will keep demand for rubber in the wake of the Chinese crisis. Rising crude oil prices may also push up demand for natural rubber. Demand for this specialty has grown significantly as a result of recent corporate scandals. However, the ANRPC report says that the production of natural rubber in countries including Thailand will increase in the coming months. According to ANRPC, India’s rubber production is expected to touch 85,000 tonnes in November, up from 67,000 tonnes in September. It is estimated that as production increases in proportion to the demand for rubber, it will not result in a large increase in price. Not only that. About 55 to 60 per cent of India’s total natural rubber production takes place during September-January. Rising production in the coming months may also adversely affect the country’s rubber prices.
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Natural rubber prices in the Kottayam, Kerala fall as the outlook remains weak due to a y rise in output, market traders said.Production season has started in Kottayam, Kerala, the country’s traditional rubber growing region.
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Sharp declines in domestic futures and the absence of quantity buyers kept the rubber price Khowai Tripura under pressure during the trading session today. Higher arrivals and panic selling keep a lid on prices as the near-term outlook remains weak due to sluggish demand from domestic stockists and bulk buyers.
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Spot rubber price in Dimapur Tripura continued to remain under pressure today. The market started to decline following a sharp improvement in production and arrivals to the market. Weakness in the global markets and sluggish demand from domestic buyers are the main reasons for the falling prices.
However, supply concerns in the southern markets prevented a sharp fall in prices. Heavy rainfall and rising COVID-19 cases in Kerala have disrupting tapping rubber trees.
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Rss-4 178.50-178.00 Rss-5 177.00 Loose 174.00 lot 165.00-170.00 Scrap75 115.00 Latex 121.00 Field Latex 180.00 ISNR-20 166.00
Rubber Price Sepahijala Tripura Falls below the long term support of ₹180 a kg on buyer resistance Spot rubber ended in red on Thursday. The commodity shed a couple of days gains and fell below the long term support of ₹180 a kg on buyer resistance.
“Rubber Price Sepahijala Tripura may continue to remain under pressure since a positive change in weather is on the way and any improvement in arrivals will bring it further down to the next support line of ₹175 a kg,” analysts said.
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Rubber Price Today Marthandam Kanyakumari rose due to firm demand from domestic stockists and bulk buyers amid a persistent supply crunch, market participants said. Unfavourable weather and fears over COVID-19 infections have hampered rubber tapping. A likely revival in demand from the tyre industry is also seen supporting the uptrend Rubber Price Today Marthandam Kanyakumari.
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Mixed trend in rubber price Rubber Price – Garo Hills- Meghalaya
Spot rubber extended the gains further on Wednesday. The market regained strength mainly on covering purchases but the overall volumes continued to remain low amid low supplies. It was difficult to find a quantity seller in Garo Hills- Meghalaya even at higher levels.
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